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The Economics and Finance Letters

April 2014, Volume 1, 4, pp 24-29

Labor and Economic Growth in Zimbabwe

Clainos Chidoko

Clainos Chidoko 1

  1. Faculty of Commerce, Great Zimbabwe University, Masvingo, Zimbabwe 1

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Pages: 24-29

DOI: 10.18488/journal.29/2014.1.4/29.4.24.29

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Abstract:

The study investigates the impact of labour on economic growth in Zimbabwe. The research uses a simple Ordinary Least Squares regression modeling method. The results suggest that labour and capital impact positively on Zimbabwe’s economic growth. The study recommends the government to pursue an employment-intensive strategy. It also recommends the government to develop an education and training system geared towards employment creation. 
Contribution/ Originality

Keywords:


Reference:

  1. Denison, E., 1967. Why growth rates differ: Post war experience in nine Western countries. Washington DC.: Brookings Institution.
  2. Gujarati, D.N., 2004. Basic econometrics. 4th Edn., New York: McGraw-Hill Companies.
  3. International Labour Organisation (ILO), 2010.
  4. Iyigun, M.F. and A.L. Owen, 1996. Alternatives in human capital accumulation: Implications for economic growth. International Finance Discussion Papers 550, Board of Governors of the Federal Reserve System (U.S.).
  5. Lucas, R., 1988. On the mechanics of economic development. Journal of Monetary Economics, 22: 3–42.
  6. Mlambo, K., 1995. Zimbabwe: Inflation and stabilisation policies in Zimbabwe. Macroeconomic Studies, No. 63, Stockholm, Swedish International Development Authority.
  7. Ncube, M., 2000. Employment, unemployment and the evolution of labour policy in Zimbabwe. Department of Economics, University of Zimbabwe.
  8. Romer, P., 1989. Capital accumulation and long-run growth. In R.J. Barro ed. Modern business cycle theory, MA. Cambridge, MA: Harvard University Press.
  9. Schultz, T.W., 1961. Investment in human capital. American Economic Review, 161: 1-17.
  10. Solow, R., 1956. A contribution to theory of economic growth. Quarterly Journal of Economics.
  11. Tallman, E.W. and P. Wang, 1994. Human capital and endogenous growth. Evidence from Taiwan. J. Monetary Econ., 34(1): 101-124.
  12. Zimbabwe Economy, 2013. Index mundi. CIA world factbook.

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