| 来源类型 | Article
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| 规范类型 | 评论
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| Finance access that works: Women, millennials, and mortgages in Saudi Arabia |
| Karen E. Young
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| 发表日期 | 2019-07-30
|
| 出版年 | 2019
|
| 语种 | 英语
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| 摘要 | This article appears in the Summer 2019 edition of Gulf Affairs, an OxGAPS publication.
For all of the difficult challenges of Vision 2030—including the Saudi government’s efforts to attract foreign direct investment and spur private sector job growth—there is one policy that is achieving notable success. Vision 2030 has a direct target of increasing home ownership to 70 percent among citizens. The mortgage industry is growing in Saudi Arabia, and with it, more young people should be able to access loans to buy their first homes. The acceleration of women’s employment may be a key factor increasing first home purchases for young Saudis. Working women will expand the market size of potential mortgage borrowers, either on their own or as part of dual-income families. As more women are employed, they qualify to borrow and they create demand for new financial products like mortgages, which strengthen the position of local banks listed on the Saudi stock exchange, Tadawul. Bank stocks on the Tadawul are also strengthened by incoming foreign investment as a result of emerging market index inclusion. Social policy that targets women’s economic empowerment (employment and access to financial products) can also be a powerful growth multiplier.
Sometimes the “sweet spot” in economic development policy requires some simple policy adjustments to provide big impact. In a new research paper by World Bank economists Elena Ianchovichina and Danny Leipziger, they argue for combining gender-enhanced growth diagnostics to identify win-win solutions based on policies that target jointly the binding constraints to economic growth. Essentially, there are some policy adjustments that can be good for women’s economic empowerment while also creating overall positive growth effects in the economy.
Read the full piece here.
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| 主题 | Foreign and Defense Policy
; Economics
; Economic Development
; International Economics
; Middle East
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| 标签 | Economic Development
; Housing finance
; Saudi Arabia
; women's rights
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| URL | https://www.aei.org/articles/finance-women-millennials-mortgages-saudi-arabia/
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| 来源智库 | American Enterprise Institute (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266197
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推荐引用方式
GB/T 7714 |
Karen E. Young. Finance access that works: Women, millennials, and mortgages in Saudi Arabia. 2019.
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