The impact of public debt on youth unemployment in Uganda: a time-series data
Abstract
The paper discussed the impact of public debt on youth unemployment in Uganda. The study used secondary time series data ranging from 1990 to 2020. Using the ordinary least square method (OLS), the results showed that inflation and interest rates had a significant and negative impact on youth unemployment. An increase in these factors increases unemployment amongst the youth while labour force participation rate, trade openness, gross domestic product, foreign direct investments and real effective exchange rate had a positive impact on youth unemployment. When these factors increase, youth unemployment decreases significantly. In addition, the study discussed other where further research would be carried out to cub the problem of youth unemployment in Uganda and the areas where the government is lacking in terms of public debt management and utilisation