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|Title:||An inquiry into economic growth and youth employment in Kampala District Uganda|
|Publisher:||Kampala International University, College of Humanities and Social Sciences|
|Abstract:||Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product or real GDP. Growth is usually calculated in real terms. i.e. inflation adjusted terms, in order to obviate the distorting effect of inflation on the price of the goods produced. In economics, “economic growth” or “economic growth theory” typically refers to growth of potential output, i.e., production at “full employment”. As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic aspects of the development process in low-income countries. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure (Ayoki, and Ogwapus, 2005). Economic growth is a fundamental requirement for the development of a country. For companies to invest and an economy to grow. stable environments, efficient institutions, functioning markets and access to sustainable financial services are all required. GIZ assists its partner countries in improving their economic framework conditions, removing bureaucratic obstacles and establishing suitable promotional structures (Bird, 1992). The most common measures of economic growth are income, employment, investment and plant expansions. Studies done before 1980 generally used aggregate employment or employment growth rates and analyzed a single period of cross-sectional data across regions or states (Bird, 1999). It should however be noted that job stability in the economy is not necessarily an indicator of stagnation. However, researchers’ pre-occupation with employment reflected the importance that policy makers attached to jobs and job growth in their regions. Following the Mwesigwa tax cuts in the early I 960s. the economy grew by nearly five percent per year. In the seven years following the 1981 tax cuts. the economy grew by nearly four percent per year while real federal revenues rose by 26 percent. This approach does not by to|
|Description:||A research dissertation submitted to the college of Humanities and social sciences partial fulfillment of the requirement for the award of bachelor’s Degree in Development Studies of Kampala International University|
|Appears in Collections:||Bachelor of Arts in Development Studies|
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