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Does financial inclusion enhance per capita income in the least developed countries?
Afonso, António; Blanco-Arana, María del Carmen(Elsevier, 2024-01-12)
Financial inclusion is a key factor for economic growth in most developing countries. This paper examines the relationship between financial inclusion and Gross Domestic Product (GDP) per capita in the Least Developed ... -
Does Fiscal Policy Boost Economic Growth in the LDCs? The Role of Fiscal Ratings and Key Fiscal Variables.
Afonso, António; Blanco-Arana, María del Carmen(Wiley, 2025-04-01)
Fiscal policy is an important tool for stimulating economic growth. Thus, in this paper, we assess empirically the role of the World Bank's Country Policy so-called fiscal policy rating variables (fiscal rating, debt rating ... -
The Nexus between Economic Freedom and Economic Growth in the Least Developed Countries. An Empirical Analysis for the Period of 2000-2021
Economic freedom is the fundamental right of every human to control his or her own labour and property, and therefore it constitutes the essence of the market economy. In this sense, economic freedom leads to economic ... -
The persistence of gender pay and employment gaps in European countries.
Afonso, António; Blanco-Arana, María del Carmen(Springer Nature, 2025-04-03)
We assess the factors that influence the gender pay gap and gender employment gap across an unbalanced panel of 31 European countries over the period 2000–2022, and estimate a system generalized method of moment model ... -
Unemployment and Financial Development: Evidence for OECD Countries” Comparative Economic Studies
Afonso, António; Blanco-Arana, María del Carmen(2023-11-11)
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 ...