The impact of financial inclusion on economic development in Arab countries

Benyaba Mohammed, Mostefaoui Sofiane, Bouchentouf Moulay Mostapha,  Mohammed Benabderrahmane

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Published: Jun 10, 2023

Keywords:

Financial inclusion, economic growth, panel models, Arab countries

Benyaba Mohammed, Mostefaoui Sofiane, Bouchentouf Moulay Mostapha, Mohammed Benabderrahmane

Abstract

This study aimed to measure the impact of financial inclusion on economic growth in a sample of Arab countries during the period from 2011 to 2017. Due to the nature of the data used in the study, which represents a combination of time series and cross-sectional data, panel models (pooled model, fixed effects model, and random effects model) were employed and compared to determine the most efficient and statistically significant model for economic analysis. Additionally, a multivariate statistical analysis technique, namely cluster analysis, was adopted to study and discuss the status of financial inclusion and the variations among Arab countries in this regard.

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Vol. 60 No. 2 (2023)

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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