Financial Development, Renewable Energy and Unemployment in North Africa
Purpose: The study examined the nexus between financial sector development, renewable energy usage and unemployment (UNEMP) in North African countries. The complementarities between (1) financial development (FIN) and renewable energy usage and (2) economic growth and financial development, and the...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2022-09-01
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| Series: | Journal of Accounting and Finance in Emerging Economies |
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| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2395 |
| _version_ | 1811195281400659968 |
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| author | Kunofiwa Tsaurai |
| author_facet | Kunofiwa Tsaurai |
| author_sort | Kunofiwa Tsaurai |
| collection | DOAJ |
| description |
Purpose: The study examined the nexus between financial sector development, renewable energy usage and unemployment (UNEMP) in North African countries. The complementarities between (1) financial development (FIN) and renewable energy usage and (2) economic growth and financial development, and their influence on unemployment was also investigated within the context of North African countries.
Design/Methodology/Approach: Panel data (1992-2019) analysis methods such as fixed effects, fully modified ordinary least squares (FMOLS) and pooled ordinary least squares (OLS) were used.
Findings: Financial sector development had a significant unemployment reduction influence. Complementarity variables were also noted to have significantly reduced unemployment.
Implications/Originality/Value: North African countries should therefore craft, develop and implement financial development, renewable energy usage (RENEW) and economic growth enhancement strategies and policies to increase job creation capacity.
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| first_indexed | 2024-04-12T00:40:55Z |
| format | Article |
| id | doaj.art-aca2fec4d7044df8874a1729c847b79f |
| institution | Directory Open Access Journal |
| issn | 2519-0318 2518-8488 |
| language | English |
| last_indexed | 2024-04-12T00:40:55Z |
| publishDate | 2022-09-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Accounting and Finance in Emerging Economies |
| spelling | doaj.art-aca2fec4d7044df8874a1729c847b79f2022-12-22T03:55:02ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882022-09-018310.26710/jafee.v8i3.2395Financial Development, Renewable Energy and Unemployment in North AfricaKunofiwa Tsaurai0University of South Africa, South Africa Purpose: The study examined the nexus between financial sector development, renewable energy usage and unemployment (UNEMP) in North African countries. The complementarities between (1) financial development (FIN) and renewable energy usage and (2) economic growth and financial development, and their influence on unemployment was also investigated within the context of North African countries. Design/Methodology/Approach: Panel data (1992-2019) analysis methods such as fixed effects, fully modified ordinary least squares (FMOLS) and pooled ordinary least squares (OLS) were used. Findings: Financial sector development had a significant unemployment reduction influence. Complementarity variables were also noted to have significantly reduced unemployment. Implications/Originality/Value: North African countries should therefore craft, develop and implement financial development, renewable energy usage (RENEW) and economic growth enhancement strategies and policies to increase job creation capacity. https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2395Financial Markets (FM)Unemployment (UNEMP)Renewable Energy (RE)Panel Data (PD)North Africa (NA) |
| spellingShingle | Kunofiwa Tsaurai Financial Development, Renewable Energy and Unemployment in North Africa Journal of Accounting and Finance in Emerging Economies Financial Markets (FM) Unemployment (UNEMP) Renewable Energy (RE) Panel Data (PD) North Africa (NA) |
| title | Financial Development, Renewable Energy and Unemployment in North Africa |
| title_full | Financial Development, Renewable Energy and Unemployment in North Africa |
| title_fullStr | Financial Development, Renewable Energy and Unemployment in North Africa |
| title_full_unstemmed | Financial Development, Renewable Energy and Unemployment in North Africa |
| title_short | Financial Development, Renewable Energy and Unemployment in North Africa |
| title_sort | financial development renewable energy and unemployment in north africa |
| topic | Financial Markets (FM) Unemployment (UNEMP) Renewable Energy (RE) Panel Data (PD) North Africa (NA) |
| url | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/2395 |
| work_keys_str_mv | AT kunofiwatsaurai financialdevelopmentrenewableenergyandunemploymentinnorthafrica |