Economic factors influencing the dynamics of unemployment in the G10 countries: empirical evidence from panel data modeling

Özçelebi, Oğuzhan; Ozkan, Seval

doi:10.17261/pressacademia.2017.382

Cited by 3 publications

(1 citation statement)

References 74 publications

(130 reference statements)

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“…Looking beyond Africa, Mohsenia and Jouzaryan (2016)revealed a significant and negative effect of inflation and unemployment on long-run economic growth, indicating that inflation and unemployment reduced long-run economic growth through the ARDL model in Iran. Ozcelebi and Ozkan, 2017) examined which macroeconomic factors and economic policy changes may affect unemployment in the G10 countries and found out an increase in financial and economic integration and development may decrease unemployment in the selected countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Economic growth, inflation and unemployment in Africa: an autoregressive distributed lag bounds testing approach, 1991–2019

Gómez

Irewole

2023

AJEMS

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PurposeUnemployment is one of the major challenges facing most countries, including Africa as a continent. Seeking how to reduce unemployment, debt, inflation and increase gross domestic product (GDP), foreign direct investment (FDI) and gross capital formation in the continent has been an agenda of governments, policy makers and economists to. This study examines the relationship between economic growth, inflation, debt, FDI, gross capital formation, labor force, population and unemployment in Africa.Design/methodology/approachAn updated panel dataset of 29 African countries was selected from different regions from 1991 to 2019. These countries were selected based on their unemployment, population growth and inflation rates. The Pesaran cross-sectional dependence and panel unit root test (the Dickey–Fuller cross-sectional supplemented and the Im-Pesaran-Shin cross-sectional) were applied. Further, the panel Autoregressive Distributed Lag (ARDL) model (Bounds test) and pooled mean group (PMG) estimator were utilized in this work.FindingsThis shows that economic growth, debt, labor force and population have a positive relationship with unemployment in the long run. Therefore, an increase in these variables generates an increase in the selected African countries' unemployment growth. In contrast, inflation, FDI and gross capital formation have a negative relationship with unemployment in the long run, which implies that an increase in these variables reduces unemployment in the selected African countries.Research limitations/implicationsThis study has potential limitations because some data from the countries are not up to date and some years are missing from the data.Practical implicationsThis study contributes to understanding unemployment and Okun's law in the African economy. This study shows that an increase in economic growth leads to a rise in unemployment, while an increase in inflation leads to a decrease in unemployment.Originality/valueThis paper provides an insight into the major factors that increase and reduces unemployment for government and policy marker to take the adequate measure.

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Section: Literature Reviewmentioning

confidence: 99%

Economic growth, inflation and unemployment in Africa: an autoregressive distributed lag bounds testing approach, 1991–2019

Gómez

Irewole

2023

AJEMS

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Measuring the effect of some economic policy variables on reducing unemployment in Egypt

Issa

Al-Mashhadani

2022

Tikrit J. Admin. Econ. Sci.

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The research aims to measure the impact of some economic policy variables, specifically public spending, public revenues, broad money supply, exchange rate, real interest rate, foreign direct investment, exports and imports as percentages of GDP on unemployment rates in Egypt during the period (1990-2020) using Time Series data. After conducting the stability test using the ADF test, it was found that all the model variables became static after the first difference. Therefore, the Autoregressive Distributed Lag Model was built and estimated. The research found that there is a co-integration relationship and that there is an inverse significant relationship between (government spending, government revenues, broad money supply, incoming foreign direct investment, and exports as percentages of GDP) and (unemployment rates), which is consistent with economic logic. The study also found that there is a positive and moral relationship between the exchange rate, real interest rates and imports as percentages of GDP with unemployment rates, and this is consistent with economic logic. The study recommended the need to increase the degree of coordination between (financial, monetary and commercial) economic policies in a manner that ensures their impact on economic activity in general and reduce unemployment rates in particular.

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Is a disability a hindrance of employment in tourism industry?

Akın

Çakan

et al. 2022

PODIUM

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ResumoObjetivo do estudo: O objetivo do estudo realizado neste contexto é identificar os problemas decorrentes do emprego de pessoas com deficiência empregadas na indústria hoteleira e revelar os problemas decorrentes das situações de deficiência nas áreas de negócio na perspetiva do gestor.Metodologia/abordagem: A amostra desta pesquisa é um grupo de quatorze diferentes gestores de recursos humanos de hotéis de quatro e cinco estrelas na Turquia. Durante as entrevistas com o grupo amostral entre 5 de janeiro e 10 de março de 2021, os pesquisadores utilizaram uma questão semiestruturada e diversos dados foram obtidos. Para dar sentido aos dados obtidos e chegar aos achados da pesquisa, foram feitas análises fenomenológicas e descritivas e obtidos os resultados.Originalidade/Relevância: As pessoas, com deficiência têm algumas limitações na vida profissional, bem como em todas as áreas da vida individual. Os estados promulgam várias leis para o emprego de pessoas com deficiência. Mas essas leis não são suficientes em termos de qualidade e quantidade. Nesse caso, pessoas com deficiência e empresas que empregam essas pessoas encontram problemas. Na literatura nacional e internacional, os estudos que descrevem os problemas enfrentados pelos gestores em relação ao emprego de pessoas com deficiência em hotéis são bastante limitados.Principais resultados: Determinou-se que os gestores de recursos humanos participantes enfrentavam problemas como lentidão no trabalho, baixa motivação e adaptação, falta de disciplina, baixa qualidade do serviço, conflito de funcionários e ineficiência. Estes problemas constituem um grande obstáculo ao emprego de pessoas com deficiência no setor do turismo.Contribuições teóricas/metodológicas: Contribuições teórico-metodológicas: O estudo contribui para revelar as deficiências das legislações e práticas vigentes no emprego de pessoas com deficiência.

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Economic factors influencing the dynamics of unemployment in the G10 countries: empirical evidence from panel data modeling

Cited by 3 publications

References 74 publications

Economic growth, inflation and unemployment in Africa: an autoregressive distributed lag bounds testing approach, 1991–2019

Economic growth, inflation and unemployment in Africa: an autoregressive distributed lag bounds testing approach, 1991–2019

Measuring the effect of some economic policy variables on reducing unemployment in Egypt

Is a disability a hindrance of employment in tourism industry?

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