GDP Development and Employment in Egypt (2000-2013)

Type Journal Article - International Journal of Economics and Financial Issues
Title GDP Development and Employment in Egypt (2000-2013)
Author(s)
Volume 6
Issue 1
Publication (Day/Month/Year) 2016
Page numbers 199-206
URL http://econjournals.com/index.php/ijefi/article/viewFile/1577/pdf
Abstract
The paper is focused on unemployment in Egypt during the period 2000-2013. The unemployment is slightly increasing year by year and represents
serious problem because of its structure, when it is menace mainly to young absolvents of universities, which amount is also increasing in observed
period. The next analyzed factor is gross domestic product (GDP). In the paper is examined its effect on unemployment. The study also reflects the
impact of Arab Spring in 2011. Data has been obtained from Central Agency for Public Mobilization and Statistics, Central Bank of Egypt and Food
and Agricultural Organization of the United Nations. There have been used methods of chain indices to reflect the development of observed indicators,
and linear regression to describe the trend development. Regards the relationship of GDP and unemployment, Pearson correlation coefficient and
elasticity coefficients have been used. Results show strong relationship between the GDP and unemployment in Egypt. Based on obtained data has
been found, that there are needed reforms which would help to involve women and young absolvents to the job market. These changes require deep
structural changes in whole economy

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