Unemployment and financial development : evidence for OECD countries

It has been argued that credit market frictions may contribute to high unemployment. Hence, we assess the relationship between financial development and the labor market in OECD countries during the period 1990–2020. Using a random effects model for a panel dataset, we conclude that an increase in m...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Blanco-Arana, M. Carmen (author)
Format: workingPaper
Language:eng
Published: 2021
Subjects:
Online Access:http://hdl.handle.net/10400.5/22558
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/22558