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391623

Assessing the Impact of Traditional Financial Inclusion and Digital Financial Inclusion on Inclusive Growth: Cross-Country Analysis

Article

Last updated: 24 Dec 2024

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الأقتصاد

Abstract

The pace of the development of financial technologies contributes to broadening the role of the financial sector in the economy through enhancing Financial Inclusion (FI). Hence, this expanded the role of the financial sector not to be limited to its impact on economic growth only, but it also affects the inclusive growth pillars. The study analyzed the effect of Traditional Financial Inclusion (TFI) and Digital Financial Inclusion (DFI) on inclusive growth (IG) for 103 countries in the year 2021.  This analysis is conducted through a cross-section analysis by developing two multiple regression models and using the OLS method to examine the capability of the technological progress in the financial sector to reap more benefits for inclusive growth in the economy. The results of the study indicate that TFI is statistically insignificant which reflects that TFI is not enough to affect the inclusive growth aspects while the DFI has a positive and statistically significant impact on inclusive growth at a significance level of 1% in which a 1% increase in the DFI increases inclusive growth on average by 2.73%. Hence, the digital transformation in the financial sector fosters inclusive growth  

DOI

10.21608/jces.2024.391623

Keywords

Traditional Financial Inclusion, Digital Financial Inclusion, Inclusive Growth

Authors

First Name

Hanan

Last Name

Amin Mohamed

MiddleName

-

Affiliation

Assistant Professor of Economics Egypt-Japan University for Science and Technology (E-JUST) Helwan University

Email

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City

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Orcid

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First Name

Ahmed

Last Name

Rady

MiddleName

-

Affiliation

Assistant Professor of Business Administration Egypt-Japan University of Science and Technology

Email

-

City

-

Orcid

-

Volume

15

Article Issue

3

Related Issue

48574

Issue Date

2024-07-01

Receive Date

2024-07-01

Publish Date

2024-09-30

Page Start

1

Page End

28

Print ISSN

2090-3782

Link

https://jces.journals.ekb.eg/article_391623.html

Detail API

https://jces.journals.ekb.eg/service?article_code=391623

Order

105

Type

المقالة الأصلية

Type Code

986

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات التجارية والبيئية

Publication Link

https://jces.journals.ekb.eg/

MainTitle

Assessing the Impact of Traditional Financial Inclusion and Digital Financial Inclusion on Inclusive Growth: Cross-Country Analysis

Details

Type

Article

Created At

24 Dec 2024