The impact of financial inclusion on economic growth in middle-income countries: empirical evidence

Authors

  • Mohamed IDALFAHIM Faculty of Law, Economics and Social Sciences of Souissi, Mohamed V University, Rabat, Morocco
  • Rachid EL GADROURI National School of Business and Management of Agadir, Ibn Zohr University of Agadir, Morocco
  • Saad ELOUARDIRHI Faculty of Law, Economics and Social Sciences of Souissi, Mohamed V University, Rabat, Morocco

Abstract

Recently, policymakers and researchers have turned their attention to financial inclusion as a means of controlling poverty, the informal economy, tax collection and financial development. Empirical and theoretical literature shows that financial inclusion has become a fundamental necessity for economic development. The aim of this article is to examine the effect of financial inclusion on economic growth for a panel of 13 middle-income countries over the period 2010-2021. Two steps were highlighted in this work. First, we constructed a financial inclusion index. Secondly, the system generalized method of moments is used to estimate our model. The results show that financial inclusion has a positive effect on economic growth.

 

Keywords: Financial inclusion; Economic growth; Middle-income countries; GMM.

JEL Classification : C23 ; G21 ; G28.

Paper type: Empirical research.

 

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Published

2024-06-24

How to Cite

IDALFAHIM, M., EL GADROURI, R., & ELOUARDIRHI, S. (2024). The impact of financial inclusion on economic growth in middle-income countries: empirical evidence. International Journal of Accounting, Finance, Auditing, Management and Economics, 5(6), 570–581. Retrieved from https://ijafame.org/index.php/ijafame/article/view/1450

Issue

Vol. 5 No. 6 (2024)

Section

Articles

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