EconPapers    
Economics at your fingertips  
 

Financial Integration, Financial Dependence and Employment Growth

Nurullah Gur ()

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 2, 493-500

Abstract: In this paper we analyse the effect of financial integration on employment growth. The results show that financial integration increases employment growth relatively more in financially dependent industries when we use de jure measure of financial integration. Using de facto measures of financial integration, we find that international portfolio equity investments and foreign direct investments increase employment growth disproportionately more in industries that are heavily dependent on external finance. But, external debt has no significant effect on employment growth. We also find that the positive effect of financial integration on employment growth disappears in countries with underdeveloped financial system and extractive institutions.

Keywords: Financial Integration; External Finance; Employment (search for similar items in EconPapers)
JEL-codes: E24 G15 G28 O16 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/1111/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/1111/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2015-02-22

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2019-03-31
Handle: RePEc:eco:journ1:2015-02-22