Challenges and Perspectives: Understanding the Labyrinth of Unemployment in Mali (1991-2022)

Défis et Perspectives: Comprendre le Labyrinthe du Chômage au Mali (1991 -2022)

Etienne Fakaba Sissoko, Khalid Dembele, Abdoulaye Maiga and Tahirou Tangara
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Etienne Fakaba Sissoko: Université des sciences sociales et de gestion de Bamako - USSGB - Université des sciences sociales et de gestion de Bamako, CRAPES MALI - Centre de Recherche et d'Analyses Politiques, Economiques et Sociales du Mali
Khalid Dembele: (CRAPES) - Centre de Recherches et d'Analyses Politiques, Economiques et Sociales du Mali, USSGB - Université des sciences sociales et de gestion de Bamako
Abdoulaye Maiga: UCAD - Université Cheikh Anta Diop de Dakar [Sénégal], USSGB - Université des sciences sociales et de gestion de Bamako

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Abstract: In Mali, facing a major socio-economic challenge characterized by an official unemployment rate of 8% and a young population (67% under 24 years, UNICEF, 2021), this study analyzes the causes and consequences of unemployment between 1991 and 2022. Despite appreciable economic growth before 2020 (average annual growth of 5%, World Bank, 2020), the country struggles to generate significant employment, especially for the youth and women. The aim of this paper is to deeply examine the impacts of demographic, educational, and economic variables on the job market. Adopting an econometric methodology, the study utilizes analyses of stationarity, cointegration, and an error correction model (ECM). The results indicate that growth alone is insufficient to significantly reduce unemployment, highlighting the need for education aligned with market needs and political stability to stimulate employment. In conclusion, the study recommends targeted reforms to improve employability and promote inclusive economic growth, adapted to the specific realities of Mali.

Keywords: Chômage Croissance économique Éducation et employabilité Stabilité politique Mali. Classification JEL : J64 O11 J24 O17 C32 Unemployment Economic Growth Education and Employability Political Stability Mali. JEL Classification : J64 O11 J24 O17 C32; Chômage; Croissance économique; Éducation et employabilité; Stabilité politique; Mali. Classification JEL : J64; O11; J24; O17; C32 Unemployment; Economic Growth; Education and Employability; Political Stability; Mali. JEL Classification : J64; C32 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-inv
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Published in International Journal of Accounting, Finance, Auditing, Management and Economics, 2024, ⟨10.5281/zenodo.10658398⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04511919

DOI: 10.5281/zenodo.10658398

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