Research on Relationship between Financial Inclusion and Economic Growth of Rwanda: Evidence from Commercial Banks with ARDL Approach

Bigirimana, Moïse; Hong-yi, XU

doi:10.18775/ijied.1849-7551-7020.2015.41.2001

Cited by 12 publications

(6 citation statements)

References 44 publications

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“…They observed positive impacts of insurance market penetration on economic growth of the sample countries. Employing data for the period of 2004 to 2016, Bigirimana and Hongyi (2018) found that financial inclusion through commercial banks has major long-run effects on Rwanda's economic growth. Kim et al (2018) employed the data of 55 OIC countries from 1990 to 2013 and found significant contributory effects of financial inclusion on economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries

2019

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This study endeavors to explore whether financial permeation stimulates economic growth in Asian region. To answer this, we collect data of 24 Asian economies for the duration of 2004 to 2016 and apply panel unit root, Granger causality, and regression techniques. The regression results controlled for country and time effects reveal that various indicators of financial permeation have substantial positive impact on the economic growth of Asian economies. Based on the findings of Granger causality, we find that financial permeation as well as economic openness has mutual causalities with economic growth. Therefore, it seems rational to conclude that financial permeation has positive impact on the economic growth in Asian economies. We also find a negative impact of financial crisis (2007-2008) on economic growth of Asian countries.

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Section: Literature Reviewmentioning

confidence: 99%

Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries

2019

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“…Using the Financial Global Findex dataset, a number of academics formulated a thorough multidimensional computation of FI. Bigirimana and Hongyi [20], Mehrotra and Yetman [21], Ali, et al [12], Ratnawati [13], Neaime, et al [14], Sarma [22], Verhoef and Hidden [15], Morgan [5], Kim [2], Dogan, et al [6], Park and Mercado [16], Ratnawati [17], Sahay, et al [1], Beck, et al [23], Polloni-Silva, et al [8], and Erlando, et al [9], among others, are the most famous authors in this category of works. These academics created multidimensional and composite indexes of FI.…”

Section: Literature Reviewmentioning

confidence: 99%

Revisiting the linkage between financial inclusion and economic growth: Time series evidence from Vietnam

Hye

2022

2576-8484

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Financial inclusion has played a key role in encouraging the development of financial sectors in recent decades. Only a few studies, however, have looked at the linkage between financial inclusion and economic growth. This study examines the impact of financial inclusion on economic growth in Vietnam, utilizing data spanning the period from 2001 to 2021. The study uses composite risk, trade openness, and government expenditures as control variables. The study follows the access to finance theory, which suggests that access to financial services such as credit, savings, and insurance can help promote economic growth and development. The nexus between financial inclusion and economic growth has never been examined in the case of Vietnam, which represents a greater share of global trade and income. Moreover, this study uses trade openness, government expenditures, and the composite risk index as control variables in the empirical model. Hence, the study contributes to the existing literature in some meaningful ways. This study employs the FMOLS method to estimate the long-run coefficients of financial inclusion, trade openness, composite risk, and government expenditures. According to the findings, financial inclusion boosts economic performance. On the contrary, composite risk is negatively related to economic growth. The results of this study suggest that Vietnam must implement policies to improve financial inclusion so as to enhance its economic growth.

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“…Employing ASEAN countries’ data over the period of 1988–2012, authors found that insurance market penetration caused economic growth of the countries. Bigirimana and Hongyi (2018) conducted a study on the impacts of financial inclusion through commercial banks on economic growth of Rwanda. Using the data of 2004–2016, authors found that financial inclusion had significant long-run impacts on the economic growth of Rwanda.…”

Section: Literature Reviewmentioning

confidence: 99%

Does Financial Permeation Induce Economic Growth? Evidence from SAARC Countries

Siddik

2019

Global Business Review

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This study empirically inspects the question of whether financial permeation promotes economic growth. The fixed effects regression technique is employed to examine the effects of financial permeation on economic growth. The empirical analysis is conducted with annual data from 2004 to 2016 with four proxies for financial permeation. Empirical results show that all the proxies of financial permeation have significant positive impacts on economic growth, measured by GDP per capita, of SAARC countries. We also observed that global financial crisis has significant negative effects on economic growth. Empirical findings of this study imply that the governments of SAARC countries should undertake more financial permeation policies to make the economic growth sustainable. The present study contributes to empirical literature of the similar issue by reapproving (or else) the outcomes of past researches done across the domain.

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Research on Relationship between Financial Inclusion and Economic Growth of Rwanda: Evidence from Commercial Banks with ARDL Approach

Cited by 12 publications

References 44 publications

Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries

Does Financial Permeation Promote Economic Growth? Some Econometric Evidence From Asian Countries

Revisiting the linkage between financial inclusion and economic growth: Time series evidence from Vietnam

Does Financial Permeation Induce Economic Growth? Evidence from SAARC Countries

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