Financial development and unemployment in emerging market economies
Financial development and unemployment in emerging market economies
Author(s): Yilmaz BayarSubject(s): Economic policy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets, Globalization
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: financial development; gross capital formation; unemployment; panel data analysis;
Summary/Abstract: Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative impact on the unemployment, while financial development had no significant impact on the unemployment. Furthermore, there was unidirectional causality from development of financial sector to unemployment
Journal: Scientific Annals of Economics and Business
- Issue Year: 63/2016
- Issue No: 2
- Page Range: 237-245
- Page Count: 9
- Language: English