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Accepted Paper:
Financial inclusion, economic growth, and poverty in Jordan
Ahmad Alsarayreh
(University of Bradford)
Paper short abstract:
The important of financial inclusion on poor people and economic growth. and how financial inclusion can alleviate poverty and develop rural areas .
Paper long abstract:
The purpose of financial inclusion is to deliver financial services to individuals, businesses, and other sectors in society at a sufficient cost to meet their needs. This study examines the effect of financial inclusion on economic growth and poverty in Jordan from 1980- 2020.
Method: This study applies the Autoregressive Distributed Lag (ARDL) model to examine the annual time-series data collected from the Central Bank of Jordan (CBJ), World Bank, and International monetary Funs (IMF). The Augmented Dickey Fuller test (ADF) is used to test the stationarity of variables used in the ARDL model.
Results: The ADF results indicate that all variables are stationary at level 1 I (1) except inflation, which is stationary at level I (0). The study shows that financial inclusion has a significant positive effect on economic growth in both the short and long term. Moreover, the study also indicates that financial inclusion has a significant positive effect on income per capita, which reduces poverty.
Implications: The study confirms finance and growth theory, which asserts that financial services are a positive function of economic growth and reduce poverty. Consequently, this study recommends that extending and enhancing financial inclusion in Jordan needs to be afforded greater effort due to its positive effect on the Jordanian economy generally and on economic growth specifically.
Click the star to add/remove an item to/from your individual schedule.
You need to be logged in to avail of this functionality, and to see the links to virtual rooms. Log in
Accepted Paper:
Ahmad Alsarayreh (University of Bradford)
Paper short abstract:
Paper long abstract:
The purpose of financial inclusion is to deliver financial services to individuals, businesses, and other sectors in society at a sufficient cost to meet their needs. This study examines the effect of financial inclusion on economic growth and poverty in Jordan from 1980- 2020.
Method: This study applies the Autoregressive Distributed Lag (ARDL) model to examine the annual time-series data collected from the Central Bank of Jordan (CBJ), World Bank, and International monetary Funs (IMF). The Augmented Dickey Fuller test (ADF) is used to test the stationarity of variables used in the ARDL model.
Results: The ADF results indicate that all variables are stationary at level 1 I (1) except inflation, which is stationary at level I (0). The study shows that financial inclusion has a significant positive effect on economic growth in both the short and long term. Moreover, the study also indicates that financial inclusion has a significant positive effect on income per capita, which reduces poverty.
Implications: The study confirms finance and growth theory, which asserts that financial services are a positive function of economic growth and reduce poverty. Consequently, this study recommends that extending and enhancing financial inclusion in Jordan needs to be afforded greater effort due to its positive effect on the Jordanian economy generally and on economic growth specifically.
Inclusive financial systems, urbanisation and climate change in developing countries
Session 1 Thursday 7 July, 2022, -