Impact of globalization on unemployment in Sub-Saharan African (SSA) countries
This study examined the impact of globalization on unemployment in 35 countries in Sub-Saharan African for the period 2007-2014. The study period and number of countries used are based on data availability. The system generalized method of moments estimation technique was applied because unemploymen...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/58729/1/15-PETER_ADAMU.pdf |
| _version_ | 1825931867156643840 |
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| author | Peter, Adamu Kaliappan, Shivee Ranjanee Mhd Bani, Nor Yasmin Mohamed Nor, Norashidah |
| author_facet | Peter, Adamu Kaliappan, Shivee Ranjanee Mhd Bani, Nor Yasmin Mohamed Nor, Norashidah |
| author_sort | Peter, Adamu |
| collection | UPM |
| description | This study examined the impact of globalization on unemployment in 35 countries in Sub-Saharan African for the period 2007-2014. The study period and number of countries used are based on data availability. The system generalized method of moments estimation technique was applied because unemployment is considered a dynamic phenomenon. The empirical findings shows that aggregated globalization measures (economic, social and political) significantly impact unemployment rate in SSA while among the components of globalization, only political globalization reduces unemployment. Economic growth rate and labor market regulations are significant and negatively related to unemployment while wage rate and inflation increases the rate of unemployment. Maintaining a low level of inflation is key to address the unemployment problems because the results suggest that stagflation exist in the case of SSA at the moment. Therefore, policies aimed at reducing the rate of unemployment should focus on low inflation rate, political globalization, labor market regulation and economic growth. Policies should also ensure that the regulations of the labor market are more flexible so as to benefit from globalization which can impact significantly on unemployment rate. |
| first_indexed | 2024-03-06T09:33:15Z |
| format | Conference or Workshop Item |
| id | upm.eprints-58729 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:33:15Z |
| publishDate | 2017 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-587292018-01-30T10:13:38Z http://psasir.upm.edu.my/id/eprint/58729/ Impact of globalization on unemployment in Sub-Saharan African (SSA) countries Peter, Adamu Kaliappan, Shivee Ranjanee Mhd Bani, Nor Yasmin Mohamed Nor, Norashidah This study examined the impact of globalization on unemployment in 35 countries in Sub-Saharan African for the period 2007-2014. The study period and number of countries used are based on data availability. The system generalized method of moments estimation technique was applied because unemployment is considered a dynamic phenomenon. The empirical findings shows that aggregated globalization measures (economic, social and political) significantly impact unemployment rate in SSA while among the components of globalization, only political globalization reduces unemployment. Economic growth rate and labor market regulations are significant and negatively related to unemployment while wage rate and inflation increases the rate of unemployment. Maintaining a low level of inflation is key to address the unemployment problems because the results suggest that stagflation exist in the case of SSA at the moment. Therefore, policies aimed at reducing the rate of unemployment should focus on low inflation rate, political globalization, labor market regulation and economic growth. Policies should also ensure that the regulations of the labor market are more flexible so as to benefit from globalization which can impact significantly on unemployment rate. Faculty of Economics and Management, Universiti Putra Malaysia 2017 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/58729/1/15-PETER_ADAMU.pdf Peter, Adamu and Kaliappan, Shivee Ranjanee and Mhd Bani, Nor Yasmin and Mohamed Nor, Norashidah (2017) Impact of globalization on unemployment in Sub-Saharan African (SSA) countries. In: Global Conference on Business and Economics Research (GCBER) 2017, 14-15 Aug. 2017, Universiti Putra Malaysia, Serdang, Selangor. (pp. 302-310). http://www.econ.upm.edu.my/upload/dokumen/20171011153812038-PETER_ADAMU.pdf |
| spellingShingle | Peter, Adamu Kaliappan, Shivee Ranjanee Mhd Bani, Nor Yasmin Mohamed Nor, Norashidah Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title | Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title_full | Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title_fullStr | Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title_full_unstemmed | Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title_short | Impact of globalization on unemployment in Sub-Saharan African (SSA) countries |
| title_sort | impact of globalization on unemployment in sub saharan african ssa countries |
| url | http://psasir.upm.edu.my/id/eprint/58729/1/15-PETER_ADAMU.pdf |
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