Chocs technologiques, chocs des prix et fluctuations du ch\^omage en R\'epublique D\'emocratique du Congo

TL;DR

This study investigates how technological and price shocks have caused persistent unemployment fluctuations in the DRC from 1960 to 2014, highlighting the importance of macroeconomic shocks in unemployment dynamics.

Contribution

It applies the SVECM model to DRC data to identify the long-term effects of macroeconomic shocks on unemployment, a novel approach for this context.

Findings

Technological shocks significantly impact unemployment levels.

Price shocks also contribute to unemployment fluctuations.

Unemployment remains high and persistent due to these shocks.

Abstract

The main purpose of this research is to analyze the effects of macroeconomic shocks on unemployment fluctuations in the Democratic Republic of Congo (DRC). Using the SVECM model on DRC data for the period 1960 to 2014, the conclusion is that the high and persistent level of unemployment is mainly explained permanently by technological and price shocks.