Gross Domestic Product Development and Employment in Egypt (2000-2013)

Karel Malec, Shereen Gouda, Elena Kuzmenko, Daryoush Soleimani, Helena Rezbov and Petra Nov
Additional contact information
Karel Malec: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,
Shereen Gouda: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,
Elena Kuzmenko: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,
Daryoush Soleimani: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,
Helena Rezbov: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic,
Petra Nov: Department of Trade and Accounting, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic.

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 1, 199-206

Abstract: The paper is focused on unemployment in Egypt during the period 2000-2013. The unemployment is slightly increasing year by year and represents serious problem because of its structure, when it is menace mainly to young absolvents of universities, which amount is also increasing in observed period. The next analyzed factor is gross domestic product (GDP). In the paper is examined its effect on unemployment. The study also reflects the impact of Arab Spring in 2011. Data has been obtained from Central Agency for Public Mobilization and Statistics, Central Bank of Egypt and Food and Agricultural Organization of the United Nations. There have been used methods of chain indices to reflect the development of observed indicators, and linear regression to describe the trend development. Regards the relationship of GDP and unemployment, Pearson correlation coefficient and elasticity coefficients have been used. Results show strong relationship between the GDP and unemployment in Egypt. Based on obtained data has been found, that there are needed reforms which would help to involve women and young absolvents to the job market. These changes require deep structural changes in whole economy.

Keywords: Unemployment; Employment; Egypt; Gross Domestic Product; Value Chain Index; Education; Effectiveness (search for similar items in EconPapers)
JEL-codes: E2 R1 R10 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2016-01-27

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