Search results

This study investigates the causal relationship between financial innovation (FI) as proxied by the bank credits to private sector, as percentage of GDP and economic growth in case of Azerbaijan using annual data covering the period from 1992 to 2018. For this purpose, the Toda–Yamamoto causality test with the framework of vector autoregressive (VAR) model is utilized to test causal relationship between the variables. The estimation results reveal that there is bidirectional causal relationship between FI and economic growth. The findings of the study suggest the researchers and policy makers to understand the role of FI in economic growth for macroeconomic stability and sustainable development purposes in Azerbaijan and other developing oil-rich countries.

The purpose of this paper is to examine the determinants of females' likelihood to work in a Muslim society, Azerbaijan.

To obtain more precise results, the authors analyze the relationships of interest in three different contexts: single (unmarried) females (n = 407, M = 0.779, Std. = 0.416), married female (n = 398, M = 0.706, SD = 0.456) and married male (n = 381, M = 0.378, Std. = 0.485). Linear probabilistic models and logistic regression techniques are employed to estimate regression parameters.

The results altogether display a strong positive impact of the educational attainment of both females and married males. Between the income of married males' and females' employment likelihood, nonlinear – inverse U-shaped association is found. The findings indicate that conservatism towards females' employment is not religiously opinionated, mostly due to insufficient educational attainment.

Based on the research findings, inspiring individuals are recommended to attain degree level qualifications. Simultaneously, the government should engage in mass media to increase awareness of the public about the non-monetary benefits of female employment.

The research results are highly useful for policy practices and fill the huge gap in the studies and research made on the Azerbaijan labor market.

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2019-0557.