Title: Strategic Policy Design to Address Unemployment in Uganda's Business Sector Using Population-Employment Statistical Analysis
Authors: Siffa Birungi , Mulwani Wycliffe
Volume: 9
Issue: 4
Pages: 192-204
Publication Date: 2025/04/28
Abstract:
This study's main goal was to look at the connection between Uganda's unemployment rate and population growth. Finding the relationship both short- and long-term between population expansion and the business sector was one of its two main goals. Additionally, to assess current policies and create strategic plans to address Uganda's unemployment problem and to investigate the relationship over time between Uganda's unemployment rate and population growth. For the analysis, time series data for Uganda from 1991 to 2020 were employed. World Development Indicators provided the information. The study used the following variables: GDP, foreign direct investment, inflation, exchange rates, population growth rates, unemployment rate (the dependent variable), and foreign direct investment. The short-term relationships between population growth and the unemployment rate were ascertained using the error correction model, while the long-term associations were ascertained using the Johansen Co-integration test. The order of integration of the variables was determined using the ADF unit root test.