Does Financial Inclusion Enhance Economic Output? Evidence from North Africa

Authors

  • Mohamed Hossameldin Khalifa Assistant Professor of Research Methodology, School of Business and Finance, Newgiza University, First 6th of October, Al Giza Desert, Giza Governorate 3296121, Egypt
  • Hassan El-Sady Professor of Finance and Investment, Faculty of Commerce, Cairo University, Giza Governorate 12613, Egypt
  • Vasilya Sultanova Assistant Professor of Finance, School of Business, Nile University, 26th of July Corridor, Sheikh Zayed City, Giza Governorate 3247010, Egypt

DOI:

https://doi.org/10.36941/ajis-2023-0031

Keywords:

Financial inclusion, economic output, Egypt, Algeria, Tunisia, Morocco

Abstract

The aim of this study was to investigate the impact of two dimensions of financial inclusion -namely availability of banking services and usage of banking services- on national economic output in four North African economies; Egypt, Algeria, Tunisia and Morocco. Availability of banking services was proxied by number of commercial bank branches. Usage of banking services was proxied by the sum of outstanding deposits and outstanding loans with commercial banks. National economic output was proxied by real gross domestic product. Using panel data for the years 2004-2020, panel regression analysis results revealed significant positive effects of both, availability and usage of banking services on national economic output when no time-lagging of the predictors was used, and also when the predictors were one and two year lagged. Theoretical contributions, practical implications and study limitations are discussed.

 

Received: 24 December 2022 / Accepted: 10 February 2023 / Published: 5 March 2023

Downloads

Download data is not yet available.

Downloads

Published

05-03-2023

Issue

Section

Research Articles

How to Cite

Does Financial Inclusion Enhance Economic Output? Evidence from North Africa. (2023). Academic Journal of Interdisciplinary Studies, 12(2), 66. https://doi.org/10.36941/ajis-2023-0031