TY  - JOUR
TT  - Financial Integration, Financial Dependence and Employment Growth
AU  - Gur, Nurullah
PY  - 2015
DA  - June
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 493
EP  - 500
VL  - 5
IS  - 2
KW  - Financial integration
KW  - external finance
KW  - employment
N2  - In this paper we analyse the effect of financial integration on employment growth. The results show that financial integration increases employment growth relatively more in financially dependent industries when we use de jure measure of financial integration. Using de facto measures of financial integration, we find that international portfolio equity investments and foreign direct investments increase employment growth disproportionately more in industries that are heavily dependent on external finance. But, external debt has no significant effect on employment growth. We also find that the positive effect of financial integration on employment growth disappears in countries with underdeveloped financial system and extractive institutions.
UR  - https://dergipark.org.tr/en/pub/ijefi/issue//352150
L1  - https://dergipark.org.tr/en/download/article-file/363021
ER  -