scholarly journals Financial Development and Unemployment in Emerging Market Economies

2016 ◽  
Vol 63 (2) ◽  
pp. 237-245 ◽  
Author(s):  
Yilmaz Bayar
Keyword(s):  
Data Analysis ◽  
Financial Development ◽  
Negative Impact ◽  
Emerging Market ◽  
Panel Data Analysis ◽  
Financial Sector ◽  
Emerging Market Economies ◽  
Domestic Investment ◽  
Economic Implications ◽  
Market Economies

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.

The non-financial sector debt: Global trends

2021 ◽  
Vol 27 (1) ◽  
pp. 41-62
Author(s):  
Konstantin V. KRINICHANSKII
Keyword(s):  
Emerging Market ◽  
Financial Sector ◽  
Debt Management ◽  
Emerging Market Economies ◽  
Monetary Policies ◽  
Global Trends ◽  
Market Economies ◽  
Time Period ◽  
Institutional Differences ◽  
Grouping Method

Subject. This article examines the non-financial sector debt ratio relative to the GDP of emerging and developed market economies. Objectives. The article aims to find out what institutional units show debt growth or reduction, what causes and conditions prevent debt decline or lead to its growth in different countries and sectors, and highlight the foundations of public policy in this area. Methods. For the study, I used a cross-country comparative analysis, grouping method, and graphical and trend analyses. The study covers 43 market economies, including 26 developed and 17 emerging ones. The time period is from Q4 2001 to Q4 2019. Results. The article identifies and describes the structural debt changes that have taken place since 2008, which include a reduction in private sector leverage and rising public sector debt in developed market economies, and accelerated growth in the non-financial corporations and households' debt in emerging market economies. Conclusions and Relevance. Given the different conditions of access to the capital market and the institutional differences between developed and emerging market economies, different approaches to debt management are needed. The identified trends are important to develop non-financial sector debt management policies, including both fiscal and monetary policies.

scholarly journals Financial development and poverty reduction in emerging market economies

2017 ◽  
Vol 64 (5) ◽  
pp. 593-606 ◽  
Author(s):  
Yılmaz Bayar
Keyword(s):  
Financial Development ◽  
Poverty Reduction ◽  
Structural Breaks ◽  
Banking Sector ◽  
Positive Impact ◽  
Emerging Market ◽  
Unit Root Test ◽  
Emerging Market Economies ◽  
Cross Sectional ◽  
Market Economies

Poverty reduction is one of the key challenges in the globalized world. This study investigates the relationship between financial development and poverty reduction in emerging market economies during the period 1993- 2012. The Carri?n-i-Silvestre, del Barrio-Castro, and L?pez-Bazo (2005) panel unit root test and the Basher and Westerlund (2009) cointegration test was applied considering the cross-sectional dependence and multiple structural breaks in the study period. The findings indicated that financial development, including banking sector development and stock market development, had a significant positive impact on poverty reduction in emerging market economies.

Impact of financial development and economic growth on energy consumption: A panel vector autoregressive analysis for the comparison of G7 and top 10 emerging market economies

2021 ◽  
pp. 0958305X2110041
Author(s):  
Alper Aslan ◽  
Onur Gozbasi ◽  
Buket Altinoz ◽  
Mehmet Altuntas
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Banking Sector ◽  
Emerging Market ◽  
Bond Market ◽  
Market Development ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Long Run

The aim of this paper is to investigate the relationship between energy consumption, financial development, and economic growth in the case of the G7 economies and emerging market economies. To this end, the role of the banking sector, as well as data from both the stock and the bond market, are explicitly used to proxy financial development. It is used the panel VAR method for the data period from 1990 to 2015. The results illustrate that there is a positive link between the stock market development and energy consumption in both G7 and top 10 emerging market economies in the long run. Also, while banking sector development in G7 countries decreases energy consumption in the long run, increases it in emerging market economies. Another aspect of the results is the determination of the energy-enhancing effect of the bond market development in the G7 countries. Moreover, while the results once again emphasize the existence of the link between financial development and energy consumption, they differ in terms of developed and developing countries.

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