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.
| Original language | English |
|---|---|
| Pages (from-to) | 165-174 |
| Number of pages | 10 |
| Journal | International Journal of Applied Business and Economic Research |
| Volume | 15 |
| Issue number | 21 |
| State | Published - 2017 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 10 Reduced Inequalities
Keywords
- Cointegration
- Employment
- Financial Market Development
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