Financial Development, Renewable Energy and Unemployment in North Africa

Tsaurai, Kunofiwa

doi:10.26710/jafee.v8i3.2395

Cited by 3 publications

(1 citation statement)

References 36 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Furthermore, a reducing effect on the distribution of unemployment was identified in relation to financial development. Tsaurai (2022) examined the relationship between unemployment in North African countries, the expansion of the financial industry, and the usage of renewable energy. The complementarities between (1) financial development (FIN) and renewable energy consumption and (2) financial development and economic growth, along with their effects on unemployment, were also studied within the context of North African states.…”

Section: Financial Development and Unemploymentmentioning

confidence: 99%

Growth, Unemployment and Inflation in Sub-Saharan Africa: The role of Financial Development and legal systems and Property Rights

Salifu,

Peprah,

Cantah

2024

Preprint

View full text Add to dashboard Cite

Sub-Saharan Africa faces many challenges,such as poverty, inequality, conflict, corruption, and weak institutions. However, it also has potential for economic growth and development due to its abundant natural resources, young population, and increasing global integration. Thisstudy examines the impact of financial development on economic growth, unemployment, and inflation in sub-Saharan Africa. It also investigates the moderating effects of property rights and legal systems. The study uses panel data from 41 sub-Saharan African countries covering the years 2000–2020 and employs the smoothed sequential quantile regression technique for the empirical analysis. The findings show that at the 25th, 50th, and 75th quantiles, financial development has a positive effect on economic growth and unemployment, while it has a negative effect on inflation. These results highlight the importance of financial development for promoting economic prosperity and stability in the region. Employment increases while inflationand economic progressexpand when property rights interact with legal systems. Sturdy institutions and law structures are key to tapping into financial growth's full potential for jobs, prices, and expansion. The study showedthat lawmakers should bolster law frameworks and property rights enforcement, limit corruption, guard property rights, and improve transparency while supporting financial growth. This study underscores how vital is sub-Saharan Africa's need to grow capital markets, diversify, and enable financial inclusion.

show abstract

Section: Financial Development and Unemploymentmentioning

confidence: 99%

Growth, Unemployment and Inflation in Sub-Saharan Africa: The role of Financial Development and legal systems and Property Rights

Salifu,

Peprah,

Cantah

2024

Preprint

View full text Add to dashboard Cite

show abstract

Linking climate change, energy transition and renewable energy investments to combat energy security risks: Evidence from top energy consuming economies

Bashir,

Pata,

Shahzad

2025

Energy

View full text Add to dashboard Cite

Renewable energy development, unemployment and GDP growth: South Asian evidence

Rahman

Akter

2023

AGJSR

View full text Add to dashboard Cite

PurposeThis study aims to investigate the interplay between renewable energy development, unemployment and GDP growth within Bangladesh, India, Pakistan and Sri Lanka. The research underscores the significant role of renewable energy plays in stimulating economic growth and mitigating unemployment, offering crucial policy insights for sustainable growth in South Asia.Design/methodology/approachUtilizing the autoregressive distributive lag (ARDL) framework and Toda Yamamoto causality through the vector autoregressive (VAR) approach, the study analyzes the long-term and short-term impacts of these variables from 1990 to 2019.FindingsThis study reveals a significant co-integration among renewable energy consumption, unemployment and GDP growth in selected South Asian countries. The long-term estimation shows renewable energy consumption influences negatively economic progression in Bangladesh, with no notable correlation with unemployment. In contrast, Sri Lanka demonstrates an optimal relationship among all the variables. Short-run assessments reveal a significant positive relationship between renewable energy consumption and economic growth in India, while an inverse relationship is evident in Pakistan. Moreover, the relationship between unemployment and economic progression, the result shows a negative and significant relationship in India and Sri Lanka.Research limitations/implicationsThe study emphasizes the need for policy development concerning renewable energy development, unemployment reduction and sustainable economic growth in South Asia. While limitations exist, future research can expand upon this work by incorporating varied data, additional countries or alternative modeling techniques.Originality/valueThis research offers a unique exploration into the multidimensional impacts of renewable energy consumption, unemployment and economic growth in the South Asian context, an area previously unexplored in such depth.

show abstract

Financial Development, Renewable Energy and Unemployment in North Africa

Cited by 3 publications

References 36 publications

Growth, Unemployment and Inflation in Sub-Saharan Africa: The role of Financial Development and legal systems and Property Rights

Growth, Unemployment and Inflation in Sub-Saharan Africa: The role of Financial Development and legal systems and Property Rights

Linking climate change, energy transition and renewable energy investments to combat energy security risks: Evidence from top energy consuming economies

Renewable energy development, unemployment and GDP growth: South Asian evidence

Contact Info

Product

Resources

About