Financial Market Development and Employment Nexus in Saudi Arabia

Tarek Tawfik Yousef Alkhateeb, Haider Mahmood (), Zafar Ahmad Sultan and Nawaz Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: Financial Market Development (FMD) could play a great role in economic growth and employment generation. This research has investigated the FMD and employment nexus in Saudi Arabia by employing ARDL cointegration on a period 1980-2015. In the long run, we have found the positive impact of FMD, Saudization and investment on employment. Human Capital Index (HCI) is found insignificant in employment generation and remittance outflows have negative influence on employment. We recommend the government of Saudi Arabia to promote and to relax the economic environment for general and financial investment in the Kingdom. Further, Saudization may also need further attention as it creates pleasant impact on employment.

Keywords: Key Words: Employment; Financial Market Development; Cointegration (search for similar items in EconPapers)
JEL-codes: J6 (search for similar items in EconPapers)
Date: 2017-12-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in International Journal of Applied Business and Economic Research 21.15(2017): pp. 165-174

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109450

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