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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Characteristics and macroeconomics determinants of youth employment in Africa
Author:Anyanwu, John C.ISNI
Periodical:African Development Review (ISSN 1467-8268)
Geographic term:Africa
Subjects:youth employment
economic conditions
youth unemployment
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1467-8268.2013.12019.x/pdf
Abstract:Youth (aged 15-24) unemployment is currently one of the greaest development challenges in the world. This paper examines the characteristics of youth (un)employment in Africa and its macroeconomic determinants, using cross-sectional data over the period 1991-2009. It analyses the relationship between youth employment and domestic investment, government consumption expenditure, real GDP per capita, and real GDP growth. It also pays attention to factors such as globalization indicators (foreign direct investment and trade openness), credit to the private sector, ICT infrastructure, education, demographic factors, and institutionalized democracy. It concludes with policy recommendations concerning increased productive domestic investment; promoting government expenditure effectiveness; reforming the fiscal systems for consolidation by all levels of government; effective regulation of FDI for domestic job creation; improvements in the diversification, competitiveness and value addition of African export commodities; encouragement of entrepreneurship and access to financing for the youth; greater productive infrastructure development; up-skilling, better training and education for the low-skilled workforce; the promotion of effective democracy that will design policies friendly to youth job creation; and efficient management of oil and other natural resources throughout the value chain. App., bibliogr., sum. [Journal abstract]