Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1748508
Financial inclusiveness and economic growth: new evidence using a threshold regression analysis
Rosmah Nizam
Zulkefly Abdul Karim
Aisyah Abdul Rahman
Tamat Sarmidi
Sažetak
This paper investigates the effect of financial inclusiveness on
economic growth in selected developed and developing countries
(63 countries) for the years of 2014 and 2017. The level of financial
inclusiveness for each country is calculated using a new construction
of the financial inclusion index. The role of financial
inclusiveness on economic growth is subsequently estimated
using a cross-sectional threshold regression technique. The main
findings revealed that there is a threshold effect of the financial
inclusiveness-growth nexus, which means that financial inclusiveness
exhibits a non-monotonic positive relation with economic
growth. The positive effect is more pronounced at a high level
than in the low level of financial inclusion index. These new findings
should motivate policymakers and the banking sector in
each country to exert greater effort in raising the level of financial
inclusion in stimulating sustainable economic growth.
Ključne riječi
Financial inclusion; economic growth; threshold estimation
Hrčak ID:
254459
URI
Datum izdavanja:
9.2.2021.
Posjeta: 2.372 *