Employment growth rate and economic growth rate in Uganda (1990-2016)

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Date
2018-02
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Kampala International University, College of Economics and Management
Abstract
The study investigated the impact of employment growth rate on economic growth from 1990-2016. The guiding objectives were; to establish the level of employment growth of Uganda, establish the level of economic growth of Uganda and establish the relationship between employment and economic growth using data from Bank of Uganda database. The research approach of this study was quantitative. The study employed descriptive design because it aimed at describing the situation regarding economic growth rate and employment rate in the understated period. The Z-test indicated that most of Z-results of economic growth rate were negative and thus they were below the group mean. However, there were also z-results that were positive hence were above the group mean. Furthermore the study results above indicate that there were no z-results with value of 0, none was equal to the group mean. The t-test indicated that there are 27 observations (N), the mean value of employment growth is 5.6185 whereas mean value of economic growth is 6.5107. F-value of Employment growth stood at 4.675 Whereas the F-value of Economic growth is 1.192 implying that F-value of employment growth is greater than that of economic growth. Normality test indicated that the probabilities are greater than 0.05 (the typical alpha level), hence accepting the hypothesis that these data are not different from normal. As the sample size increases, normality. Parameters become more restrictive and it becomes harder to declare that the data are normally distributed. The scatter plot further revealed that P 0.689, R2 =0.230 at level of significance of 0.000, it indicates that there is a strong positive significant relationship between employment growth and economic growth. Basing on the finding of the study, the researcher concludes that there was a positive significant rel4tion between employment growth rate and economic growth rate in Uganda for period (1990-2016). The researcher recommends the country should consider supporting Uganda’s manpower through impressing technology (adopting capital intensive techniques of production) rather than labour intensive techniques of production to support the growing population that would be involved actively in productive work in the country.
Description
A Research Report is submitted to the College of Economics and Management Sciences in Partial Fulfillment of the Requirement for the Award of the Bachelor’s Degree in Statistics of Kampala International University
Keywords
Employment growth rate, Economic growth rate, Uganda
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