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

What is it about?

The goal of this analysis is to determine the relationship between the Economic Growth, inflation, debt, foreign direct investment, gross investment, labor force, population and unemployment in Africa. Data were collected from 1991 to 2019. The study found out that Economic growth, gross capital formation, and labor force have a strong impact on unemployment than inflation, debt, population and FDI. Governments in the region should devise suitable policy measures to increase economic growth. Other natural resources should also be explored and converted into a source of income for the country.

Featured Image