Research Article

Analysis of Financial Inclusion and Economic growth: Evidence from Panel Sample of Developing Countries, Panel VAR Approach

Ali Salisu1*, Binta Rufai Musa2
1 Department of Economics, Faculty of Economics and Management Sciences, Bayero University,
2 Department of Finance, Faculty of Economics and Management Sciences, Bayero University, Kano
* Corresponding author: alisalisubeto@gmail.com
Published: Jun, 2024
DOI: 10.67894/bjf.2024.c1ue3dvu
Pages: 47-59
Views: 8
Downloads: 4

Abstract

The study investigated the relationship between financial and economic growth of DevelopingCountries which comprised twenty-three developing countries using panel data from 2010 to 2023.The Panel unit root tests indicated that real gross domestic product, bank branches, AutomatedTeller Machines, bank account, are stationery at first difference. in developing countries. The panelVAR result shows that Automated Teller Machine, Bank branches, Bank account, and Moneysupply have positive shocks effects on real gross domestic product in developing countries. productin the developing countries. The study recommends that the policy should task financial institutionto provide more and improved financial services in both rural and urban to ensure everyone couldparticipate and contribute more to national productivity and achieve higher economic growth indeveloping economies.

Keywords

Financial inclusion Economic growth & Panel Data

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How to Cite

Salisu, A., & Musa, B. R. (2024). Analysis of Financial Inclusion and Economic growth: Evidence from Panel Sample of Developing Countries, Panel VAR Approach. Bayero University Journal of Finance, 1(1), 47-59. https://doi.org/10.67894/bjf.2024.c1ue3dvu

A. Salisu, and B. R. Musa, "Analysis of Financial Inclusion and Economic growth: Evidence from Panel Sample of Developing Countries, Panel VAR Approach," Bayero University Journal of Finance, vol. 1, no. 1, pp. 47-59, June 2024. doi: 10.67894/bjf.2024.c1ue3dvu

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