Theoretical and Applied Economics
No. 1 / 2025 (642), Spring
Quantitative insights into the impact of financial inclusion on economic growth: an econometric evaluation of Arab countries (2011-2022)
Yahia Fares University of Medea, Algeria
Ouissam HOCINI
Yahia Fares University of Medea, Algeria
Mohamed BOULESNAM
Yahia Fares University of Medea, Algeria
Kamel BASSOUR
Yahia Fares University of Medea, Algeria
Abstract. This study aims to analyze the influence of financial inclusion on economic growth in Arab countries between 2011 and 2022, focusing on key indicators such as bank account ownership, access to financial services, and borrowing trends. The study highlights the main role of financial inclusion in promoting economic stability and supporting underserved communities across the region. Using Feasible Generalized Least Squares (FGLS) within a fixed effects framework, the research addresses econometric challenges, including heteroskedasticity and autocorrelation, to accurately capture relationships within the data. Cluster analysis further categorizes countries based on financial inclusion performance, identifying leaders like the UAE, Bahrain, and Saudi Arabia, with Iraq ranking lower. Findings reveal a statistically significant positive impact of access to bank accounts on economic growth, affirming the role of financial inclusion in driving economic stability. While access to financial services strongly correlates with growth, other indicators, such as borrowing levels, show weaker or insignificant effects, suggesting that broader financial access alone may not fully drive economic growth without supportive policies.
Contents
The impact of agro-food imports from Ukraine on the Romanian market: a post-conflict economic analysis
An empirical analysis of foreign trade concentration between Türkiye and Egypt (2005-2023)
The three-ways linkages between domestic investment, exports and economic growth: new evidence from Saudi Arabia
Local resilience in the context of digital transition: development policy perspectives from Romania and Moldova
Customs unions and trade spillovers: from bilateral agreements to multilateral impact
The impact of foreign direct investment on carbon emissions in China: a provincial panel data analysis
Quantitative insights into the impact of financial inclusion on economic growth: an econometric evaluation of Arab countries (2011-2022)
The relationship between external factors and economic growth: Differences between the global financial crisis and the COVID-19 pandemic from a Granger causality perspective
The lasting impact of COVID-19. How the pandemic reshaped human behaviour
Asymmetric effect of monetary policy on stock market performance in the ECOWAS zone: empirical evidence from the NARDL approach
The effect of inflation and fiscal decentralization on income inequality in Sumatra Island of Indonesia: a panel data
Exploring the relationship between the Put Call Ratio and Market Indices: a comparative analysis of S&P 500 and BET
Macro-economic determinants of financial inclusion: evidence from West African Economic and Monetary Union (WAEMU)
Tax and macroeconomic framework. The case of Greece
Consumerism and capitalism: dynamic evolution, economic benefits, and ethical challenges
Business cycle synchronization of Tunisia and Euro Zone countries: a parametric and non-parametric analysis
Macro analysis of linkages between export, import and economic growth: evidence from the Indian economy
From lab to market: how governments and enterprises compose the future of innovation
Improving human development in West African countries: do cryptocurrencies matter?
Romanian knowledge and attitude on sustainability and sustainable clothing: exploring the reliability and validity of a measurement scale
Estimating Romania’s potential GDP: a production function and multivariate approach
Fiscal adjustment and economics growth in Senegal