Paper Title :Private Investment and Labour Demand in Sub-Saharan Africa

Author :Samuel Kwakuagyei, Anthony Q.Q. Aboagye, Kofi Osei, Lord Mensah

Article Citation :Samuel Kwakuagyei ,Anthony Q.Q. Aboagye ,Kofi Osei ,Lord Mensah , (2018 ) " Private Investment and Labour Demand in Sub-Saharan Africa " , International Journal of Management and Applied Science (IJMAS) , pp. 90-97, Volume-4,Issue-1

Abstract : This paper assesses whether employment generation (total, male, female and youth) is part of the benefits that Sub Saharan African (SSA) economies get from private investment. We estimated a derived neoclassical model that allows for the inclusion of private investment, real labour cost, human capital and public investment. The results, based on Arellano-Bond dynamic panel estimation, indicate that while private investment has a substitutive effect on employment (total, male and female), public investment compliments employment. Also, real wage rate and human capital have significantly negative relationships with labour demand. Meanwhile the result on the youth employment effect of private investment is inconclusive. Thus, it is suggested that employment incentives policies should be offered to private investors while measures to sustain public investment are undertaken. Keywords - Private Investment, Labour Demand, Dynamic Panel Methodology, SSA

Type : Research paper

Published : Volume-4,Issue-1

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