The Response of Employment to Output Shocks in Egypt

نوع المستند : المقالة الأصلية

المؤلفون

Lecturer – Department of Economics-Faculty of Economic Studies and Political Science- Alexandria University.

المستخلص

This paper examines the response of employment to its own dynamics and output fluctuations using quarterly data that span the past two decades and an ARDL regression approach. This is the first paper that search empirically for the existence of a bounce-back effect in the response of employment to output in Egypt. We also test for inertia in the Egyptian labor market. The paper accounts for structural breaks that could have resulted due to the financial crisis, the political unrest following the 2011 revolution, and Covid-19 pandemic. The findings of this paper suggest the existence of a bounce-back effect in the response of employment to output and inertia in the Egyptian labor market. Moreover, the findings of this paper suggest the existence of adverse effects on employment of the recent shocks to the Egyptian economy. The magnitude of these effects differs according to the type of shock, though.

الكلمات الرئيسية

المراجع

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