Working paper
Economic growth and employment generation nexus: Insight from Ghana
Abstract
Ghana is undoubtedly regarded as one of the leading lights in Africa in terms of strong growth performance since the wind of economic reforms blew across Africa in the 1980s.The challenge has, however, been the effect of this remarkable growth story on the creation of sufficient jobs for the increasing working age population. This paper uses arithmetic computation and econometric estimation to measure and assess the employment effect of the level and sources of growth on the employment generation. It further shows the role of education in the job creation debate. The empirical analysis indicates significantly moderate effects of economic growth on employment generation and the extent of employment response to growth has continued to decline since the beginning of the new millennium. The analysis also shows that economic growth impelled largely by higher growth of agriculture and manufacturing relative to other sectors is improving job creation impact. On the supply-side, improved education of the workforce above the basic level has significantly increasing the employment-generating effect. The paper recommends a change in policy direction from a high obsession with growth without paying attention to the source of the growth. Thus, for growth to sufficiently impact job creation requires a policy shift towards employment-focussed growth through high productive agriculture and manufacturing. Ghana can also leverage the strong growth performance of the extractive, finance and telecommunication sectors by channelling the returns from these sectors into infrastructure development to support the growth of agriculture and manufacturing.
Citation
@unpublished{doi:10.19211/KUP9783737600699,
urn:nbn:de:0002-400690,
author={Baah-Boateng, William},
title={Economic growth and employment generation nexus: Insight from Ghana},
year={2016}
}
0500 Oax 0501 Text $btxt$2rdacontent 0502 Computermedien $bc$2rdacarrier 1100 2016$n2016 1500 1/eng 2050 ##0##urn:nbn:de:0002-400690 3000 Baah-Boateng, William 4000 Economic growth and employment generation nexus: Insight from Ghana / Baah-Boateng, William 4030 4060 Online-Ressource 4085 ##0##=u http://nbn-resolving.de/urn:nbn:de:0002-400690=x R 4204 \$dWorking paper 4170 5550 {{Ghana}} 5550 {{Wirtschaftswachstum}} 5550 {{Arbeitsplatz}} 5550 {{Beschäftigungstheorie}} 7136 ##0##urn:nbn:de:0002-400690
2023-05-12T11:33:19Z 2023-05-12T11:33:19Z 2016 doi:10.19211/KUP9783737600699 978-3-7376-0069-9 (e-book) urn:nbn:de:0002-400690 http://hdl.handle.net/123456789/14700 eng kassel university press Urheberrechtlich geschützt https://rightsstatements.org/page/InC/1.0/ 330 Economic growth and employment generation nexus: Insight from Ghana Working paper Ghana is undoubtedly regarded as one of the leading lights in Africa in terms of strong growth performance since the wind of economic reforms blew across Africa in the 1980s.The challenge has, however, been the effect of this remarkable growth story on the creation of sufficient jobs for the increasing working age population. This paper uses arithmetic computation and econometric estimation to measure and assess the employment effect of the level and sources of growth on the employment generation. It further shows the role of education in the job creation debate. The empirical analysis indicates significantly moderate effects of economic growth on employment generation and the extent of employment response to growth has continued to decline since the beginning of the new millennium. The analysis also shows that economic growth impelled largely by higher growth of agriculture and manufacturing relative to other sectors is improving job creation impact. On the supply-side, improved education of the workforce above the basic level has significantly increasing the employment-generating effect. The paper recommends a change in policy direction from a high obsession with growth without paying attention to the source of the growth. Thus, for growth to sufficiently impact job creation requires a policy shift towards employment-focussed growth through high productive agriculture and manufacturing. Ghana can also leverage the strong growth performance of the extractive, finance and telecommunication sectors by channelling the returns from these sectors into infrastructure development to support the growth of agriculture and manufacturing. open access Baah-Boateng, William 24 Seiten Kassel, Universität Kassel, International Center for Development and Decent Work (ICDD) Kassel 978-3-7376-0068-2 (print) Ghana Wirtschaftswachstum Arbeitsplatz Beschäftigungstheorie publishedVersion ICDD Working Papers No. 16 true ICDD Working Papers Wirtschaftswissenschaft Monographie FB 05 / Gesellschaftswissenschaften true Softcover DIN A4
The following license files are associated with this item:
:Urheberrechtlich geschützt