Effects of Productivity Growth on Employment Generation, Capital Accumulation and Economic Growth in Uganda

Abstract

Abstract—The study examined the effects of productivity growth on employment, capital accumulation and economic growth in Uganda within the 1972 to 2008 period. Econometric method was used in the empirical analyses. First, we found that reduction in economic growth might have come from productivity growth, and that productivity growth might have caused unemployment and depletion of capital stock. Second, we found that both labor and capital productivity growth might have caused unemployment, decline in both capital accumulation and economic growth. Third, the study found that economic growth, capital accumulation and employment, might have resulted from technical progress