Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316073 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] Review of Economics and Political Science (REPS) [ISSN:] 2631-3561 [Volume:] 8 [Issue:] 1 [Year:] 2023 [Pages:] 68-82
Publisher: 
Emerald, Bingley
Abstract: 
Purpose - In this paper, the author assesses if the effect of structural policies, macroeconomic indicators and demographic factors on employment elasticities over the period 2000-2017 can distinguish the former French colonies from the Anglophone ones. Design/methodology/approach - Using a panel of 44 countries taken from Africa and Middle East Area, elasticities are estimated in the first stage by rolling regression. Then, both static and dynamic panel models are investigated. Findings - Results suggest big difference between the former French colonies and Anglophone ones. For the French colonies, product and labor market flexibility are found to have significant and positive impact on elasticities, while for Anglophone ones, only foreign direct investment and government size are found to have significant and positive impact. Besides, all reforms and/or economic measures need to be complemented by macroeconomic policies aimed to increase economic stability. Originality/value - The results presented in this study highlight some of the factors that appear to drive the relationship between employment and some structural policies, macroeconomic indicators and demographic factors for two groups of former colonies. The paper provides policy conclusions based on these results for the two groups. This analysis may indeed help to inform future policy discussions, yet much additional work is needed to identify macroeconomic "best practices" for encouraging employment in the post-2019 covid crisis period.
Subjects: 
Dynamic panel data model and GMM
Employment to product elasticity and rolling regression
French vs Anglophone colonies from Africa and Middle East Area
JEL: 
C23
E24
J21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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