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294897

Assessing The Impact of Financial Inclusion On Economic Growth – Evidence From Selected European Countries

Article

Last updated: 29 Dec 2024

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Tags

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Abstract

This research investigates the impact of financial inclusion on economic growth in European countries over the period 2008-2020. The variables used to measure the financial inclusion in this study are number of automated teller machines, number of commercial bank branches, population, carbon dioxide emissions, and mobile cellular subscriptions as we explore their effect on GDP growth. Additionally, the methodology used to test for the relationships between the variables are panel least square, and ARDL models using the E-views 12 program. Findings revealed that in the short run, number of ATMs have a positive insignificant impact on economic growth while number of commercial banks and mobile cellular subscriptions have a positive insignificant impact on economic growth. Also, CO2 emissions have positive significant impact on economic growth. However, in the long run, number of ATMs, number of commercial banks and mobile cellular subscriptions have positive significant impact on GDP growth. Meanwhile, CO2 emissions have a negative significant impact on GDP growth in the six selected European countries.

DOI

10.21608/msamsj.2023.202173.1013

Keywords

Econometric model, Financial sector, environment

Authors

First Name

Nadine

Last Name

Hosny

MiddleName

Amr

Affiliation

Economics, Management sciences, MSA university, Giza

Email

nhosny@msa.edu.eg

City

Giza

Orcid

0000-0002-5276-6388

First Name

Nouran

Last Name

Yasser

MiddleName

-

Affiliation

-

Email

nouran.yaser@msa.edu.eg

City

-

Orcid

0000-0002-9160-2001

First Name

Andrew

Last Name

Raafat

MiddleName

-

Affiliation

-

Email

andrew.raafat1@msa.edu.eg

City

-

Orcid

0000-0002-2844-3730

Volume

2

Article Issue

2

Related Issue

40797

Issue Date

2023-04-01

Receive Date

2023-03-27

Publish Date

2023-04-01

Page Start

80

Page End

101

Print ISSN

2974-3028

Online ISSN

2974-3036

Link

https://msamsj.journals.ekb.eg/article_294897.html

Detail API

https://msamsj.journals.ekb.eg/service?article_code=294897

Order

294,897

Type

Original Article

Type Code

2,535

Publication Type

Journal

Publication Title

MSA-Management Sciences Journal

Publication Link

https://msamsj.journals.ekb.eg/

MainTitle

Assessing The Impact of Financial Inclusion On Economic Growth – Evidence From Selected European Countries

Details

Type

Article

Created At

29 Dec 2024