Beta
402543

The Development of Financial Inclusion and its Impact on Real GDP Growth Rate in MENA Region

Article

Last updated: 07 Jan 2025

Subjects

-

Tags

التنمية الاقتصادية

Abstract

Financial inclusion is a crucial concept that ensures all members of the economy have access to formal financial systems and services, promoting economic growth and sustainability. The Middle East and North Africa (MENA) region has limited financial access, making financial inclusion a high priority to promote economic growth and development. This paper investigates the impact of financial inclusion on real GDP growth rate in the (MENA) region over the period from 2004 to 2022. Despite the significance of financial inclusion in promoting economic development, there is a lack of literature on this topic, particularly in the MENA region. The study aims to contribute to the existing literature by presenting the development of Financial inclusion in MENA region during the period (2004-2022), and examining the relationship between financial inclusion and real GDP growth rate in the MENA region. The chosen econometric approach is a linear regression performed on a set of time series data on the dependent variable economic growth and the independent variables of financial inclusion in the MENA region from 2004 to 2022 using OLS method. Our findings suggest that financial inclusion has a positive impact on real GDP growth rate in the MENA region, highlighting the importance of financial inclusion in promoting economic development in this region. The study also identifies factors that may help expand financial inclusion in the MENA region, such as improving access to financial products and services and increasing financial literacy.

DOI

10.21608/jocu.2024.306140.1359

Keywords

financial inclusion, MENA, GDP, Linear Regression, Economic growth

Authors

First Name

ياسمين محيي الدين

Last Name

غريب

MiddleName

-

Affiliation

قسم الاقتصاد- كلية الاقتصاد والعلوم السياسية- جامعة القاهرة- مصر

Email

yasminemohie@feps.edu.eg

City

-

Orcid

-

Volume

26

Article Issue

25

Related Issue

52735

Issue Date

2025-01-01

Receive Date

2024-07-21

Publish Date

2025-01-01

Page Start

612

Page End

653

Print ISSN

2636-4166

Online ISSN

2735-3176

Link

https://jocu.journals.ekb.eg/article_402543.html

Detail API

http://journals.ekb.eg?_action=service&article_code=402543

Order

402,543

Type

مقالات سیاسیة واقتصادیة

Type Code

1,296

Publication Type

Journal

Publication Title

مجلة السياسة والاقتصاد

Publication Link

https://jocu.journals.ekb.eg/

MainTitle

The Development of Financial Inclusion and its Impact on Real GDP Growth Rate in MENA Region

Details

Type

Article

Created At

07 Jan 2025