IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/43416.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/43416/1/MPRA_paper_43416.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chang, Eric C. & Cheng, Joseph W. & Khorana, Ajay, 2000. "An examination of herd behavior in equity markets: An international perspective," Journal of Banking & Finance, Elsevier, vol. 24(10), pages 1651-1679, October.
    2. Aslanidis, Nektarios & Christiansen, Charlotte, 2012. "Smooth transition patterns in the realized stock–bond correlation," Journal of Empirical Finance, Elsevier, vol. 19(4), pages 454-464.
    3. Bansal, Ravi & Kiku, Dana & Yaron, Amir, 2016. "Risks for the long run: Estimation with time aggregation," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 52-69.
    4. David Hirshleifer & Danling Jiang, 2010. "A Financing-Based Misvaluation Factor and the Cross-Section of Expected Returns," The Review of Financial Studies, Society for Financial Studies, vol. 23(9), pages 3401-3436.
    5. Shi, Huai-Long & Zhou, Wei-Xing, 2022. "Factor volatility spillover and its implications on factor premia," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    6. Joshy Easaw & Roberto Golinelli, 2022. "Professionals Inflation Forecasts: The Two Dimensions Of Forecaster Inattentiveness [“Sectoral and aggregate inflation dynamics in the euro area”]," Oxford Economic Papers, Oxford University Press, vol. 74(3), pages 701-720.
    7. Scalco, Paulo R. & Braga, Marcelo J., 2015. "Identification of Market Power in Bilateral Oligopoly: The Brazilian Wholesale Market of UHT Milk," 2015 Conference, August 9-14, 2015, Milan, Italy 212278, International Association of Agricultural Economists.
    8. Timo Korkeamaki & Danielle Xu, 2015. "Institutional Investors and Foreign Exchange Risk," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-33, September.
    9. Marcelo Fernandes & Breno Neri, 2010. "Nonparametric Entropy-Based Tests of Independence Between Stochastic Processes," Econometric Reviews, Taylor & Francis Journals, vol. 29(3), pages 276-306.
    10. Gu, Chen & Kurov, Alexander & Wolfe, Marketa Halova, 2018. "Relief Rallies after FOMC Announcements as a Resolution of Uncertainty," Journal of Empirical Finance, Elsevier, vol. 49(C), pages 1-18.
    11. repec:ebl:ecbull:v:6:y:2004:i:4:p:1-8 is not listed on IDEAS
    12. Marc Poitras, 2004. "The Impact of Macroeconomic Announcements on Stock Prices: In Search of State Dependence," Southern Economic Journal, John Wiley & Sons, vol. 70(3), pages 549-565, January.
    13. Vitek, Francis, 2006. "Measuring the Stance of Monetary Policy in a Small Open Economy: A Dynamic Stochastic General Equilibrium Approach," MPRA Paper 802, University Library of Munich, Germany.
    14. Christoffersen, Peter & Ghysels, Eric & Swanson, Norman R., 2002. "Let's get "real" about using economic data," Journal of Empirical Finance, Elsevier, vol. 9(3), pages 343-360, August.
    15. Juan Pineiro Chousa & Haider Ali Khan & Davit N. Melikyan & Artur Tamazian, 2005. "Institutional and Financial Determinants of Development: New Evidence from Advanced and Emerging Markets," CIRJE F-Series CIRJE-F-326, CIRJE, Faculty of Economics, University of Tokyo.
    16. Brian H. Boyer & Taylor D. Nadauld & Keith P. Vorkink & Michael S. Weisbach, 2023. "Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions," Journal of Finance, American Finance Association, vol. 78(2), pages 835-885, April.
    17. Klaus Grobys & James W. Kolari & Jere Rutanen, 2022. "Factor momentum, option-implied volatility scaling, and investor sentiment," Journal of Asset Management, Palgrave Macmillan, vol. 23(2), pages 138-155, March.
    18. repec:ags:jrapmc:122316 is not listed on IDEAS
    19. Müller, Karsten, 2020. "German forecasters' narratives: How informative are German business cycle forecast reports?," Working Papers 23, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    20. Carlos Medel, 2017. "Forecasting Chilean inflation with the hybrid new keynesian Phillips curve: globalisation, combination, and accuracy," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(3), pages 004-050, December.
    21. Helder Ferreira De Mendonça & Josè Simao Filho, 2007. "Economic transparency and poverty," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 60(240), pages 33-48.
    22. Indra de Soysa & Synøve Almås, 2019. "Does Ethnolinguistic Diversity Preclude Good Governance? A Comparative Study with Alternative Data, 1990‐2015," Kyklos, Wiley Blackwell, vol. 72(4), pages 604-636, November.

    More about this item

    Keywords

    Investment; 3SLS;

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:43416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.