Econometric analysis on the generation and structure of employment through aggregate demand and investment in Honduras, 2001-2011

Abstract

The aim of this paper is to analyze the phenomenon of generating employment through macroeconomic variables (private consumption, government spending, investment and exports) in the employment sector of the economy of Honduras, during the period 2001-2011. Where once characterized the labor sector this article will focus on to dramatize the effect they would have on employment levels of major economic policy measures using theories of modern economics, specifically classic Keynesian models and models that are used for its value and empirical approach to the behavior of the economy of Honduras.

The analysis of this information was made through the relationship of macroeconomic variables of aggregate investment, demand and employment generation in the formal sector of the Honduran economy, where we intend to link the labor market using the number and different breakdowns of the total of employed persons, relating to public and private consumption to labor economic problems visible and invisible underemployment, open unemployment. The correlation of variables is a process focused on to compare the effects of major public policy measures in the framework of policy approaches of the leading candidates for office in the election campaigns. The focus of this analysis will focus on possible scenarios to project and effects on employment levels.

The results of this research show significant phenomena especially the marginal propensity to consume of Hondurans presenting a high level of resources for consumption and low savings, implying that consumption is the most powerful engine of growth GDP and use of workforce coming from the sectors producing goods and services for final consumption being these agriculture and trade. The recommendations are intended has shown these findings and public policy challenges in the current political context of 2012 and 2013.

The function of this research is to provide an early approximation of a technical and broad debate on the effectiveness of public policies on employment, as a tool for decision -making to guide both the private sector as the primary entity in the creation of jobs and the public sector creates opportunities and supportive climates for being competitive and decent jobs for the economically active population.

Revista Ciencia y Tecnología, N° 15, December 2014: 111-128