A Hybrid Model for European Unemployment Rate Forecasting and Its Asymptotic Behavior

2019 ◽  
Author(s):  
Tanujit Chakraborty ◽  
Ashis Kumar Chakraborty ◽  
Sayak Banerjee ◽  
Shramana Bhattacharya
Keyword(s):  
Asymptotic Behavior ◽  
Hybrid Model ◽  
Unemployment Rate

scholarly journals A Hybrid Model to Alleviate Unemployment and Poverty in South Africa

2021 ◽  
Vol 12 (5) ◽  
pp. 265
Author(s):  
P. C. Enwereji ◽  
D. E. Uwizeyimana
Keyword(s):  
South Africa ◽  
Youth Development ◽  
Hybrid Model ◽  
Unemployment Rate ◽  
Meta Analysis ◽  
Poverty Rate ◽  
Business Climate ◽  
Secondary Sources ◽  
The Government ◽  
Sectoral Development

Poverty and unemployment are considered social threats in South Africa as the rate keeps on escalating while few measures are implemented to alleviate the trend. This study devised a hybrid model to reduce the rate of poverty and unemployment in South Africa. The Human Capital Theory formed the theoretical base of this study, which explained the need for the government to invest in education to improve the chances of gaining employment to reduce poverty. The study adopted a quantitative approach and data were collected from only secondary sources. Major findings disclosed that the poverty rate in South Africa is at 49.2% while 64.2% of South African blacks remain poor. The study revealed that the unemployment rate is at 30.1% in the first quarter of 2020 while provinces such as Eastern Cape (40.5%) and the Free State (38.4%) have the highest share of unemployment in the country. The meta-analysis conducted revealed that improvement is needed in areas such as legislation and labour laws, entrepreneurial development, youth development policies, common vision and leadership, sectoral development, business climate, acquisition of skills and education, engagement management, and strategic management. This is in an endeavour to reduce poverty and unemployment rate in South Africa.

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