Unemployment and financial development : evidence for OECD countries

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2021
Outros Autores: Blanco-Arana, M. Carmen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Texto Completo: http://hdl.handle.net/10400.5/22558
Resumo: It has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship between financial development and the labor market in OECD countries during the period 1990–2020. Using a random effects model for a panel dataset, we conclude that an increase in market capitalization and in the volume of shares traded can significantly reduce the unemployment rate. Likewise, inflation and per capita GDP growth are found to have significantly affected the evolution of the unemployment rate during the period under study.
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spelling Unemployment and financial development : evidence for OECD countriesunemploymentfinancial developmentpanel dataOECD countriesIt has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship between financial development and the labor market in OECD countries during the period 1990–2020. Using a random effects model for a panel dataset, we conclude that an increase in market capitalization and in the volume of shares traded can significantly reduce the unemployment rate. Likewise, inflation and per capita GDP growth are found to have significantly affected the evolution of the unemployment rate during the period under study.ISEG - REM – Research in Economics and MathematicsRepositório da Universidade de LisboaAfonso, AntónioBlanco-Arana, M. Carmen2021-11-20T16:17:00Z2021-112021-11-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/22558engAfonso, António e M. Carmen Blanco-Arana (2021). "Unemployment and financial development : evidence for OECD countries". Instituto Superior de Economia e Gestão – REM Working paper nº 0204 – 20212184-108Xinfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:27:34Zoai:repositorio.ulisboa.pt:10400.5/22558Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:15:35.094743Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Unemployment and financial development : evidence for OECD countries
title Unemployment and financial development : evidence for OECD countries
spellingShingle Unemployment and financial development : evidence for OECD countries
Afonso, António
unemployment
financial development
panel data
OECD countries
title_short Unemployment and financial development : evidence for OECD countries
title_full Unemployment and financial development : evidence for OECD countries
title_fullStr Unemployment and financial development : evidence for OECD countries
title_full_unstemmed Unemployment and financial development : evidence for OECD countries
title_sort Unemployment and financial development : evidence for OECD countries
author Afonso, António
author_facet Afonso, António
Blanco-Arana, M. Carmen
author_role author
author2 Blanco-Arana, M. Carmen
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Blanco-Arana, M. Carmen
dc.subject.por.fl_str_mv unemployment
financial development
panel data
OECD countries
topic unemployment
financial development
panel data
OECD countries
description It has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship between financial development and the labor market in OECD countries during the period 1990–2020. Using a random effects model for a panel dataset, we conclude that an increase in market capitalization and in the volume of shares traded can significantly reduce the unemployment rate. Likewise, inflation and per capita GDP growth are found to have significantly affected the evolution of the unemployment rate during the period under study.
publishDate 2021
dc.date.none.fl_str_mv 2021-11-20T16:17:00Z
2021-11
2021-11-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/22558
url http://hdl.handle.net/10400.5/22558
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e M. Carmen Blanco-Arana (2021). "Unemployment and financial development : evidence for OECD countries". Instituto Superior de Economia e Gestão – REM Working paper nº 0204 – 2021
2184-108X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - REM – Research in Economics and Mathematics
publisher.none.fl_str_mv ISEG - REM – Research in Economics and Mathematics
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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repository.mail.fl_str_mv info@rcaap.pt
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