Financial Inclusion and Economic Growth in OIC Countries

  • Citation: Kim, Dai-Won, Jung-Suk Yu, and M. Kabir Hassan. “Financial Inclusion and Economic Growth in OIC Countries.” Research in International Business and Finance 43 (January 2018): 1–14.
    • Topics:
    • Business and Trade
    • Keywords:
    • financial inclusion
    • economic growth
    • dynamic panel estimation

This paper examines the relationship between financial inclusion and economic growth in Organization of Islamic Cooperation (OIC) countries. In order to draw multilateral results, we have set up the panel data for 55 OIC countries and estimated not only the dynamic panel estimation, but also the panel VAR, IRFs, and panel Granger causality tests. Based on the results of dynamic panel estimations, we find that financial inclusion has a positive effect on economic growth. The IFRs results derived from the panel VAR analysis suggest that financial inclusion has positive effects on the economic growth and financial inclusion and economic growth have mutual causalities with each other based on the panel Granger causality tests. Therefore, it seems reasonable to conclude that financial inclusion has positive effect on the economic growth in OIC countries.

Related Resources

  • Alternative Narratives for Arms Control

    Moodie, Amanda, and Michael Moodie. “Alternative Narratives for Arms Control.” The Nonproliferation Review 17, no. 2 (2010): 301–21.

    • Authors with Diverse Backgrounds
    Keywords: arms control, disarmament, Non-Aligned Movement, small arms, treaty regimes, humanitarian action
  • Women in Arms Control: Time for a Gender Turn?

    Dwan, Renata. “Women in Arms Control: Time for a Gender Turn?” Arms Control Today 49, no. 8 (October 2019): 6–11.

    • Open Source Results
    • Authors with Diverse Backgrounds