The impact of financial inclusion on economic growth in the Arab Maghreb countries: An empirical during the period (2011-2018)

Abstract

This study aims to measure the impact of financial inclusion expressed by (money supply, total loans and credit facilities, number of automatic teller machines, number of commercial banks per 1000 square km) on economic growth expressed by GDP growth, in the Maghreb countries ( Algeria, Tunisia, Morocco, Mauritania, Libya), during the period of 2011- 2018 using the cross sectional data of Panal Data.

The study results concluded that there is a statistically significant effect between financial inclusion and economic growth in the Arab Maghreb countries. However, this effect is limited to the number of ATMs and the total loans and credit facilities. The total loans and credit facilities have a negative and significant impact on the gross domestic product, while the number of ATMs has a significant positive impact on the gross domestic product