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1.
Information and Communications Technology and Financial Development as Catalysts for Gender Equality in Brazil’s Agricultural Sector
Freiderick Yohanna Letong, Mehdi Seraj, Fatma Türüç Seraj, Huseyin Ozdeser, 2025, original scientific article

Abstract: In this study, we examined the effects of information and communications technology (ICT) and financial development on mitigating gender inequality in Brazil, using autoregressive distributed lag (ARDL) approaches, between 1991 and 2022. The ARDL bounds test was employed to find the presence of co-integration within the series of data. Both in the short run and the long run, financial development has a significant negative impact on gender disparity; this means that policies aimed at enhancing women’s financial and consumption services should be promoted in the short run. In the long run, we can conclude that ICT developments lead to a decreasein gender inequalities, which may imply the need for strategic, long-term planning to increase ICT infrastructure, especially in deprived areas. This includes subsidising affordable internet, skills training for women in the ICT field, and promoting women’s participation in the technology industry. In addition, the impact of optimal financial development varies over time; hence, there is a need for flexibility and sustainability in financial development. Policy makers should therefore continue to strengthen and enhance financial inclusion initiatives, as well as regularly follow up on the impact of these initiatives on gender equality.
Keywords: gender inequality, information and communications technology, financial development, human capital index, agriculture
Published in RUP: 16.01.2026; Views: 396; Downloads: 0
.pdf Full text (344,22 KB)

2.
Shaping Stability : Can the Finance-Growth Nexus Achieve It?
Ahmed Mahmoudi, Mohamed Torra, 2025, original scientific article

Abstract: This paper assesses the tripartite link between a country’s financial (in) stability, its level of financial development, and economic growth. Using a panel of 21 countries over the period 2001–2020 and using the IMF Financial Market Index to proxy financial development, we find (i) that financial stability varies positively with the development of the financial system, and (ii) that the relationship between financial stability and economic growth depends critically on the level of financial development of each country. These results show that in the absence of financial development, the impact of economic growth on financial (in)stability will havedifferent effects. In addition, we performed a subsample analysis by dividing the overall sample into two subsamples based on stability levels. We find that financial development enhances stability more in the more stable subsample, while growth does so in the less stable subsample. 
Keywords: financial (in)stability, financial development, economic growth, financial market index, emerging and developing markets
Published in RUP: 16.01.2026; Views: 404; Downloads: 0
.pdf Full text (286,70 KB)

3.
Does Financial Development Drive Entrepreneurship in Africa? A Panel Data Analysis
Afees Oluwashina Noah, David Oladipo Olalekan, 2025, original scientific article

Abstract: Entrepreneurship in Africa faces a multitude of challenges, with financial issues being prominently discussed in scholarly literature. Thus, this study explores how financial development plays a crucial role in encouraging entrepreneurship in Africa, analysing both short- and long-term impacts alongside the direction of causality within the continent. The study utilises panel data regression techniques to analyse data from 28 African countries, spanning from 2006 to 2020. The analysis reveals that financial development, alongside the growth of financial institutions and markets, consistently boosts entrepreneurship development in both time frames. Even though this is more pronounced in the long run, this suggests that the influence of financial development and its components is uniformly positive, with no significant differential impacts observed in either the short or long run. Causality results establish unidirectional causality between entrepreneurship, financial development, and its components, flowing from financial development and its components to entrepreneurship development. Given these insights, the study underscores the necessity for policymakers to focus on sustainable financial development strategies that enhance stability and inclusivity within financial markets.
Keywords: Africa, entrepreneurship, financial development, panel regression
Published in RUP: 18.12.2025; Views: 444; Downloads: 0
.pdf Full text (341,03 KB)
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