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Journal of Economic Integration 2015 December;30(4) :799-820.
DOI: https://doi.org/10.11130/jei.2015.30.4.799
Banking Deregulations and Unemployment in South Asia
Muhammad Zakaria
Rida Risalat and 
Bashir A. Fida 
COMSATS Institute of Information Technology, Islamabad, Pakistan
Modern College of Business and Science, Muscat, Oman
Corresponding Author: Muhammad Zakaria ,Tel: +92 3335998865, Email: mzakaria80@hotmail.com
Copyright ©2015 Journal of Economic Integration
ABSTRACT
The paper empirically examines the effects of banking deregulations on overall and youth unemployment rates in South Asian countries using panel data for the period 1991 to 2005. The results show that banking deregulations have decreased the youth unemployment rate in the region. The results also reveal that high consumption level, per capita income and bank credit have reduced the unemployment rate, while bank crisis and high wage rate have increased the unemployment rate in the region. The results suggest that banking liberalization may help to reduce unemployment particularly youth unemployment in South Asian countries.

JEL Classification
C23: Models with Panel Data; Longitudinal Data; Spatial Time Series
E24: Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
G21: Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Keywords: Banking Deregulations | Unemployment | South Asia
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