Unemployment and financial development : evidence for OECD countries
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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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:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:52:05Zoai:www.repository.utl.pt:10400.5/22558Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:06:57.484909Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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