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أثر الإستثمارات فى الطلب على عنصر العمل البشرى فى القطاع الزراعى المصرى
[Effect of Investment on the Demand of Human Labor Input in the Egyptian Agricultural Sector]

Author

Listed:
  • El-Shazly, Fawzy A.
  • Mahmoud, Soad Sayed
  • Ahmed, Yehia Mohamed
  • Shehata, Emad Abd Elmessih

Abstract

Investment is considered one of the most important tools for increasing Gross Domestic Product in Egypt. The agricultural sector is considered one of the pioneer sectors for realization of economic development in Egypt. On the other hand encouragement of the increase in investment rates, is considered one of the goals of the economic development in Egypt, where the realization of the development is not possible without the abundance of a suitable rate of investment that lead to more demand on labor. Egypt has faced several problems that hindered the economic development such as: the general state budget’s deficit, the increase of deficit in the balance of payments, the higher rate of inflation either by demand inflation or by production costs inflation, the higher rates of unemployment, and in addition to the existence of structural defects between the fiscal and monetary policies. The problem and objective of this study are concerned with the role of investment in increasing the demand on human labor input in the agricultural sector, in the shade of fiscal and monetary policies. The research applied simple regression and simultaneous equations models by three stages least squares (3SLS) during (1990-2007). The results indicated to the effectiveness of expanded fiscal policy to increase the demand on labor, either by increase government expenditure or decrease taxes that lead to increase production, consumption, labor, and further job opportunities. Also the implementation of an expanding monetary policy based on the reduction of the interest rate in order to encourage the investment that is necessary for pushing forward the economic development’s wheel. Recommendations are related to applying expanded monetary policy to encourage investment, especially in the intensive labor projects, and expanded fiscal policy by reducing taxes and increasing government expenditure to increase production, consumption, and employment.

Suggested Citation

  • El-Shazly, Fawzy A. & Mahmoud, Soad Sayed & Ahmed, Yehia Mohamed & Shehata, Emad Abd Elmessih, 2010. "أثر الإستثمارات فى الطلب على عنصر العمل البشرى فى القطاع الزراعى المصرى [Effect of Investment on the Demand of Human Labor Input in the Egyptian Agricultural Sector]," MPRA Paper 43416, University Library of Munich, Germany, revised Apr 2010.
    • Handle: RePEc:pra:mprapa:43416
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    References listed on IDEAS

    as
    1. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 125-132.
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    More about this item

    Keywords

    Investment; 3SLS;

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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