Economic Regulation and Employment Intensity of Output Growth in Sub-Saharan Africa

Adegboye, Abidemi C.; Egharevba, Monday I.; Edafe, Joel

doi:10.1007/978-3-030-03964-6_4

Cited by 12 publications

(27 citation statements)

References 21 publications

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“…Quality of the legal system and protection of property rights ( lsys ) measures the strength of influence of the legal system on economic activities. Such institutions help to guarantee smooth contract engagements and are expected to help facilitate effective labour market conditions that promote employment, especially for the more vulnerable groups (Adegboye et al, 2019).…”

Section: Methodsmentioning

confidence: 99%

“…Similarly, Kamar et al (2019) found that pro‐growth macroeconomic policies, which promote private‐sector activities, are also pro‐employment, but fiscal expansion drives down employment. Adegboye et al (2019) also found that for the SSA countries, policies that lead to less economic regulation enhance only formal sector employment, while informal and pro‐poor employment positively respond to stricter labour market and higher government participation. For the Euro area, Mourre (2006) showed that lower real labour costs increase employment elasticities and that less rigidities in labour markets enhance employment elasticities at all levels.…”

Section: Brief Review Of Literaturementioning

confidence: 99%

“…On the other hand, the negative coefficient of the labour market flexibility variable in the own‐account elasticity equation shows that flexibility promotes employment in the less productive sector of the labour market. In this direction, Adegboye et al (2019) found that the positive role of labour market flexibility in employment yields is more pronounced in the informal sector.…”

Section: Empirical Analysismentioning

confidence: 99%

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Macroeconomic policies and sustainable employment yields in sub‐Saharan Africa

Adegboye

2020

African Development Review

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The impact of macroeconomic policies on employment yields from output growth in sub-Saharan African countries is examined in this study. Data for 37 countries are used for the period 1991-2016 and sustainable employment yields are obtained by comparing employment elasticities for own-account (vulnerable) and employers (formal) groups. The two-stage least squares method is used to estimate employment elasticities for the panel datasets for three sub-periods (1991-1999, 2000-2009, 2010-2016), and the feasible generalised least squares method is used to estimate the effects of policies on employment elasticities based on a pooled dataset for the three sub-periods. Policy efforts are shown to be more effective if moved towards more flexible and targeted tax regimes, more rigid labour markets, and liberalised trade. On the other hand, investment and industrial policies do not appear to exert unidirectional effects on employment, especially given wide variations in government sizes and relative shares of domestic/foreign investment among the countries. There is also evidence that policy influences are more practicable with more formal employment groups. Patterns of macroeconomic policy directions are therefore critical to their effectiveness as labour market adjustment tools in the region.

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Section: Methodsmentioning

confidence: 99%

Section: Brief Review Of Literaturementioning

confidence: 99%

Section: Empirical Analysismentioning

confidence: 99%

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Macroeconomic policies and sustainable employment yields in sub‐Saharan Africa

Adegboye

2020

African Development Review

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“…Growth stories for many sub-Saharan African (SSA) countries since the late 1990s have been impressive, with sustained periods of high output growth (African Center for Economic Transformation, 2014;Adegboye, Egharevba, & Edafe, 2019). These countries are also experiencing rapid expansions in population and other demographic indicators with resultant inflation of the workforce and imposition of further constraints on productive capacities (Fox, Decomposing Employment Growth in Selected sub-Saharan African Countries: The Roles of Structural Changes and Demographic Transition Adegboye and Ighodaro Senbet, & Simbanegavi, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…For instance, while the industrial sector in most SSA countries is composed of a high proportion of non-manufacturing activities (mostly extractive activities), larger proportions of the industrial sector comprises manufacturing activities in advanced economies (Haraguchi et al, 2019). Moreover, the services sector is remarkably diverse in terms of employment structure or productivity patterns in many developing countries (Page & Shimeles, 2015;Adegboye et al, 2019). On this basis, we perform decomposition analysis employing a wide spectrum of 10 sectors within each of the economies in the study.…”

Section: Introductionmentioning

confidence: 99%

Decomposing Employment Growth in Selected sub-Saharan African Countries: The Roles of Structural Changes and Demographic Transition

Adegboye

Ighodaro

2021

CBN-JAS

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The challenge of employment growth in sub-Saharan Africa (SSA) countries goes beyond economic growth prospects to include structural and demographic dimensions. This study examines the relative contributions of structural changes and demographic factors to employment growth for a set of SSA countries using available annual data from 1970 to 2014. A decomposition approach is employed in the study using the Jobs Generation and Growth (JoGGs) method which generates results that show distributive components of employment, productivity and output changes over time in a system whereby the roles of economic structure and demographic changes could be observed. The study shows that the pattern of structural change in SSA countries has led to more low-productivity and vulnerable jobs generation. Rising shares of the traditional services sector in the economy has driven a large segment of employment into informal low-wage jobs. Major consequences of the nature of demographic changes in the SSA region are found to include decline in overall employment rate and large movement of the labour market towards less productive and low-wage employment. Social policies that address population and migration are therefore required to ensure that demographic factors do not further inhibit availability of productive employment in SSA.

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Jobless growth: evidence from Bangladesh

Salim,

Basher

2023

J. Soc. Econ. Dev.

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Economic Regulation and Employment Intensity of Output Growth in Sub-Saharan Africa

Cited by 12 publications

References 21 publications

Macroeconomic policies and sustainable employment yields in sub‐Saharan Africa

Macroeconomic policies and sustainable employment yields in sub‐Saharan Africa

Decomposing Employment Growth in Selected sub-Saharan African Countries: The Roles of Structural Changes and Demographic Transition

Jobless growth: evidence from Bangladesh

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