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- W43847114 abstract "The development of a non-linear dynamic model to project the demand supply and the interaction between demand and supply of new entrant engineers to the South African labour market is described. The model was used to generate non-linear probabilistic projections of the supply and demand for the new entrant engineering skills using 1994 as the base year and a time horizon of 29 years. The implications of the probability projection results on the South African economy demographics education and labour market are also critically examined. The main findings of this article are that overall there is a remarkable projected decline in the demand for new entrant engineers to the South African labour market for both the upper and lower 0.3% 43.3% 27.2% and 68.3% probability intervals respectively. Conversely the projection results predict a considerable increase in the supply of new entrant engineers to the South African labour market under the four probability intervals. The findings also suggest the equilibrium between the supply and demand for new entrant engineers will be attained earliest in the year 2000 and latest in 2005. (authors)" @default.
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- W43847114 date "1999-02-20" @default.
- W43847114 modified "2023-09-23" @default.
- W43847114 title "The Probabilistic Projection of the Supply and Demand for New Entrant Engineers to the South African Labour Market, 1994-2023" @default.
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