Abstract
This post-graduate thesis presents a regression analysis of the accumulated empirical evidence on the relationship between economic growth and unemployment in Uganda. Okun’s law emphasis the relationship between economic growth and unemployment stating that there is inverse relationship among economic growth and unemployment. Even so, sometimes both variables move towards same direction meaning an increase of economic growth leads to a rise of unemployment. The researcher employed correlation design with linear regression analysis using Statistical Package for Social Science (SPSS) to analyse the empirical impacts of economic growth on unemployment in Uganda. The data of these both variables were confidential and were taken from the Ugandan Bureau Of Statistics and World Bank as this thesis concerned in Uganda. The result of findings showed that there is weak negative correlation between economic growth and unemployment in Uganda from 1991 to 2014. The analysis displayed that 1% increase of economic growth reduces 2.3% of the unemployment in Uganda which is acceptable according the Okun’s law, saying “ to reduce unemployment in b/a point during a year, the economic growth must grow nearly 2% points faster than the rate of growth of potential economic growth over that period. The regression analysis further showed thatthe null hypotheses was rejected as critical value of F (0.159) is greater than 0.05 of significant level. The researcher recommended according to the findings that Uganda should not emphasize the economic growth more to reduce the unemployment in the country but the other variables (investment, inflation, government policies etc) that affect the unemployment after when research being done.
Table of contents
Declaration
Approval
Dedication
Acknowledgement iv
List of Abbreviations and Abbreviations v
Table of contents
List of Tables
List of Figures
CHAPTER ONE 1
INTRODUCTION 1
1.1 Background of the Study 1
1.1.1 Historical perspective 1
1.1 .2Theoretica I perspective 5
1.1.3 Conceptual perspective 6
1.1.4 Contextual Perspective 7
1.2 Problem statement 10
1.3 Purpose of the study 10
1.4 Objective of the study 10
1.4.1 Specific objective 10
1.5 Research questions 11
1.6 Null-Hypothesis test 11
1,7 Scope of the study 11
1.7.1 Geographical scope 11
1.7.2 Theoretical scope 11
1.7.2.0 Okun’s Law 11
1.7.2.2 Keynesian theory of unemployment 12
1.8 Content scope 12
1.9 Time scope 12
1.10 Significance of the study 12
CHAPTER TWO ~ 13
LITERATURE REVIEW ~ 13
2.0 Introduction~ 13
2.1 Theoretical review ~ 13
2.1.1 Okun’s Law ~ 13
2.1.2 Neoclassical Growth Model (The Solow Model)~15
2.1.3 Keynesian theory of unemployment~16
2.2 Conceptual review ~ 16
2.2.0 Economic Growth 16
2.2.1 Unemployment 18
2.3. Conceptual framework 20
2.4 Related Study 20
2.4.0 Economic Growth 20
2.4.1 Unemployment 21
2.4.2 The Relationship Between Economic Growth And Unemployment 22
2.6. Research Gap 25
CHAPTER THREE 26
METHODOLOGY 26
3.0 Introduction 26
3.1 Data type, source and collection techniques 26
3.2 Research design 26
3.3 Data analysis 26
3.4 Ethical consideration 27
3.5 Limitations of the study 27
CHAPTER FOUR 28
DATA PRESENTATION , ANALYSIS AND INTERPRETATION 28
4.0 Introduction 28
4.1 Test for presence of autocorrelation 28
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION5 31
5.0 Introduction 31
5.1. To determine the relationship between economic growth and unemployment levels in Uganda (1991/2014) 31
5~2 Conclusion 33
53 Recommendation 33
REFERENCES 35
Appendices 39
Appendix II: Consent Letter For The Organizations 39
Appendix IL Time Frame For The Research Study 40
Appendix III: Researcher’s Curriculum Vitae 41
Consults, E. (2022). Economic Growth and Unemployment in Uganda (1991-2014).. Afribary. Retrieved from https://tracking.afribary.com/works/economic-growth-and-unemployment-in-uganda-1991-2014-3
Consults, Education "Economic Growth and Unemployment in Uganda (1991-2014)." Afribary. Afribary, 28 Sep. 2022, https://tracking.afribary.com/works/economic-growth-and-unemployment-in-uganda-1991-2014-3. Accessed 09 Nov. 2024.
Consults, Education . "Economic Growth and Unemployment in Uganda (1991-2014).". Afribary, Afribary, 28 Sep. 2022. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/economic-growth-and-unemployment-in-uganda-1991-2014-3 >.
Consults, Education . "Economic Growth and Unemployment in Uganda (1991-2014)." Afribary (2022). Accessed November 09, 2024. https://tracking.afribary.com/works/economic-growth-and-unemployment-in-uganda-1991-2014-3