Financial inclusion and economic growth in OIC countries

被引：309

作者：

Kim, Dai-Won ^{[1
]}

Yu, Jung-Suk ^{[2
]}

Hassan, M. Kabir ^{[3
]}

机构：

[1] Dankook Univ, Sch Urban Planning & Real Estate Studies, 152 Jukjeon Ro, Yongin 448701, Gyeonggi Do, South Korea

[2] Dankook Univ, Coll Social Sci, Sch Urban Planning & Real Estate Studies, 152 Jukjeon Ro, Yongin 448701, Gyeonggi Do, South Korea

[3] Univ New Orleans, Coll Business Adm, Dept Econ & Finance, New Orleans, LA 70148 USA

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2018年 / 43卷

关键词：

Financial inclusion; Economic growth; Dynamic panel estimation; Panel VAR; PANEL-DATA; SERVICES; TESTS;

D O I：

10.1016/j.ribaf.2017.07.178

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the relationship between financial inclusion and economic growth in Organization of Islamic Cooperation (OIC) countries. In order to draw multilateral results, we have set up the panel data for 55 OIC countries and estimated not only the dynamic panel estimation, but also the panel VAR, IRFs, and panel Granger causality tests. Based on the results of dynamic panel estimations, we find that financial inclusion has a positive effect on economic growth. The IFRs results derived from the panel VAR analysis suggest that financial inclusion has positive effects on the economic growth and financial inclusion and economic growth have mutual causalities with each other based on the panel Granger causality tests. Therefore, it seems reasonable to conclude that financial inclusion has positive effect on the economic growth in OIC countries.

引用

页码：1 / 14

页数：14

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