الفهرس | Only 14 pages are availabe for public view |
Abstract Financial access is key pillar of the EU strategy for private sector development in the region with a focus on financial inclusion This paper investigates the impact of financial inclusion on the economic growth in the Euro Mediterranean region from 2009 -2019. The role of financial inclusion on economic growth is estimated using dynamic panel model. Following the multidimensional approach, this study constructs an index based on indicators reflect the four dimensions; access, availability, usage, and quality. The study empirically show that financial inclusion is positively related to GDP per capita, the proxy measure to economic growth. Using Arellano-Bover/ Blundell- Bond Dynamic Panel system GMM results show positive effect of financial inclusion on economic growth. Findings urge the need to accelerate developing financial inclusion agendas especially in Southern Mediterranean countries to enhance financial resilience of disadvantaged groups and boost inclusive economic growth. |