Financial Development on Employment Rate in Nigeria

Ndubuaku, Victor; Inim, Victor; Samuel, Udo Emmanuel; Rosemary, Idamoyibo Hwerien; Prince, Abner Ishaku

doi:10.5430/rwe.v12n1p267

Cited by 3 publications

(2 citation statements)

References 32 publications

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“…Since the unemployment rate is an indicator to measure the employment situation of a country, to more intuitively clarify the relationship between green finance and the unemployment rate. Ndubuaku et al (2021) utilize the ARDL model and annualized time-series information from 1999 to 2019 to research the effect of financial development on the employment rate in Nigeria. The result shows that financial development altogether affects the employment rate.…”

Section: Green Finance and Unemployment Ratementioning

confidence: 99%

The effect of green finance and unemployment rate on carbon emissions in china

Cui

Wang²,

Irfan³

et al. 2022

Front. Environ. Sci.

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China’s economy has developed rapidly since the reform and opening up, but under the long-term traditional extensive development model, energy consumption is excessive and carbon emissions rank first in the world. Therefore, how to reduce carbon emissions is a current hot issue in China. Although many scholars have found that green finance is the basic driving force to promote carbon emission reduction, its role path is diverse, and it still needs to be explored in width and depth. Especially in the green transformation stage of the economy, the potential unemployment risk is also a matter of concern. This study selects 30 provincial panel data from the Chinese mainland for the 2004–2019 years to investigate the impact of green finance on carbon emissions from the perspective of unemployment using ordinary least square (OLS), generalized method of moments (GMM), and mediating effect models. In addition, in order to avoid the bias of regression results caused by the cross-section dependence of the data, the feasible generalized least squares (FGLS) and the panel-corrected standard errors (PCSE) models are used for the robust test after correction. The findings show that 1) green finance has a significant inhibitory impact on carbon emissions; 2) green finance has significantly reduced the unemployment rate; 3) carbon emissions increase significantly with increasing the unemployment rate; and 4) there is regional heterogeneity in the effect of green finance on carbon emissions in eastern, central, and western China. Green finance in the eastern and central regions significantly inhibits carbon emissions, especially in the central region, while insignificantly in the western region. 5) According to the OLS and mediating effect regression results, economic growth and environmental regulation play a significant positive role in promoting carbon emissions. This study has theoretical reference significance for accelerating the realization of the dual carbon goal and alleviating phased unemployment.

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Section: Green Finance and Unemployment Ratementioning

confidence: 99%

The effect of green finance and unemployment rate on carbon emissions in china

Cui

Wang²,

Irfan³

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…Other measures of economic growth, such as financial efficiency, financial liquidity, financial stability, and financial sector credit to the private sector, only reduce unemployment in the short run. Ndubuaku et al (2020) examine the effect of financial development on employment in Nigeria during the 1999-2019 period using the technique of ARDL modeling. The study found that economic development measured as broad money as a percentage of the GDP was positively and significantly related to employment.…”

Section: Financial Developmentmentioning

confidence: 99%

Macroeconomic Determinants of Employment in Nigeria’s Services Sector: Do Foreign Direct Investment and Exchange Rate Matter?

Aigheyisi

2022

REM

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This study employs the ARDL modeling technique to investigate the determinants of employment generation in Nigeria' s services sector, focusing mainly on the roles of foreign direct investment and exchange rate movements during the 1991-2019 period. This study found that in the short-run, FDI positively affects employment generation in the services sector, while currency depreciation adversely affects it with a one-year lag. The long-term employment generation effect of the FDI in the services sector remains positive. Still, it loses its statistical significance, while the impact of currency depreciation on services sector employment is positive and significant. It was also found that economic growth positively affects service sector employment generation in the short and long run, though the effect is only meaningful in the short term. The impact of trade openness is positive and significant over a short period but also turns out to be non-significant in the long run. Financial sector development favors employment generation in the services sector in the short and long run. Based on this evidence, it is recommended that the government try to enhance the attractiveness of various sectors of the economy to FDI and guard against undue appreciation of the nation' s currency. It is also recommended that economic growth and the development of the financial system be prioritized. Given the transience of the effect of trade openness on employment generation in the services sector, caution must be exercised in implementing trade liberalization policies. These measures, if implemented, are expected to enhance job creation in the nation' s services sector.

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Natural Resources Rent and Finance in the Presence of Corruption Control: An Asymmetric Approach

Farouq,

Sulong

2024

Fudan J. Hum. Soc. Sci.

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Financial Development on Employment Rate in Nigeria

Cited by 3 publications

References 32 publications

The effect of green finance and unemployment rate on carbon emissions in china

The effect of green finance and unemployment rate on carbon emissions in china

Macroeconomic Determinants of Employment in Nigeria’s Services Sector: Do Foreign Direct Investment and Exchange Rate Matter?

Natural Resources Rent and Finance in the Presence of Corruption Control: An Asymmetric Approach

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