The Challenge of Unemployment and Youth Unemployment amidst Fast Economic Growth in Ethiopia
Date
2022-02
Authors
Geda, Alemayehu
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Abstract
Ethiopia has registered one of the highest growths in Africa in the past two
decades. Despite this high and continuous economic growth, which is above
the Sub-Saharan average, for a decade and half, unemployment in general and
youth unemployment in particular remained a major challenge. This study
examined this paradox using three approaches: (i) a growth decomposition
and structural change analysis, (ii) an examination of the sectoral and
sub-sectoral mode of production in terms of capital and labour ratio that
is based on social accounting matrix (SAM) and enterprises survey data, a SAM based economy-wide model, as well as (iii) by estimating an econometric
model that attempts to identify major determinants of unemployment (youth
unemployment).