Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Rault, Christophe; Gatti, Donatella; Vaubourg, Anne‐Gaël

doi:10.2139/ssrn.1567634

Cited by 7 publications

(1 citation statement)

References 39 publications

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“…Therefore, it can be inferred that there is a significant linkage between financial inclusion and unemployment (Benmelech et al, 2019;Williams et al, 2023;Rault et al, 2012;Çiftçioǧlu & Bein, 2017;Geng & He, 2021).…”

Section: Introductionmentioning

confidence: 99%

Building a financial inclusion index and analyzing its impact on unemployment

Sari,

Yeni,

Pebriyani

et al. 2023

JES

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Financial inclusion has garnered attention from policymakers globally due to its potential to spur economic growth, alleviate poverty, and decrease unemployment. This study focuses on estimating the financial inclusion index across ten Southeast Asian countries utilizing principal component analysis. The objective is to identify the most representative index capable of accurately reflecting the financial inclusion indicators specific to each country. Additionally, the research seeks to explore the impact of financial inclusion on the unemployment rate. Data spanning from 2011 to 2021 were sourced from the World Bank. By employing panel regression estimation, the study reveals that digital financial inclusion does not significantly influence the unemployment rate, as indicated by a significance value of 0.118. Furthermore, a similar lack of impact was observed concerning GDP. Conversely, the inflation rate and education level variables affected the unemployment rate significantly, with significance values of 0.028 and 0.021, respectively. These empirical results suggest that policymakers should implement strategies to enhance financial inclusion, such as reducing the costs associated with financial services, offering incentives to the informal sector, and promoting education on the significance of financial instruments and institutions.

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Section: Introductionmentioning

confidence: 99%

Building a financial inclusion index and analyzing its impact on unemployment

Sari,

Yeni,

Pebriyani

et al. 2023

JES

View full text Add to dashboard Cite

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Labour Market Institutions and Unemployment: Does Finance Matter?

Rault

Vaubourg

2011

Comp Econ Stud

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte.

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Characteristics and Macroeconomic Determinants of Youth Employment in Africa

Anyanwu¹

2013

African Development Review

105

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The purpose of this paper is to present the characteristics of youth employment in Africa as well as investigate its macroeconomic determinants, with a view to proffering some solutions. Our empirical estimates, using available cross-sectional data over the period [1991][1992][1993][1994][1995][1996][1997][1998][1999][2000][2001][2002][2003][2004][2005][2006][2007][2008][2009] show that a nation's domestic investment rate is found to be positively and significantly associated with youth employment in the overall Africa and sub-Saharan estimations. However, domestic investment rate is negatively and significantly associated with youth employment in North Africa. Government consumption expenditures negatively and significantly affect youth employment in sub-Saharan Africa. Rising inflation is negatively and significantly associated with youth employment in North Africa. The level of real GDP per capita has a negative and statistically significant effect in both the overall Africa and North Africa youth employment. The quadratic term of real GDP per capita is positive in sign and significant only in the youth employment estimation for the whole of Africa. We find that real GDP growth positively and significantly affects youth employment in the overall Africa, sub-Saharan and North Africa estimations. Other important variables considered are globalization indicators (FDI and trade openness), credit to the private sector, ICT infrastructure, education, demographic factors, institutionalized democracy, time trend, net oil-exporting/importing country, and regional dummies. Key policy implications include increased productive domestic investment; promoting government expenditure effectiveness; reforming the fiscal systems for consolidation by all levels of government; effective regulation of FDI for domestic job creation; improvements in the diversification, competitiveness and value addition of African export commodities; encouragement of entrepreneurship and access to financing for the youth; greater productive infrastructure development; up-skilling, better training and education for the low-skilled workforce; the promotion of effective democracy that will design policies friendly to youth job creation; and efficient management of oil and other natural resources throughout the value chain.

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Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Cited by 7 publications

References 39 publications

Building a financial inclusion index and analyzing its impact on unemployment

Building a financial inclusion index and analyzing its impact on unemployment

Labour Market Institutions and Unemployment: Does Finance Matter?

Characteristics and Macroeconomic Determinants of Youth Employment in Africa

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