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

Moïse Bigirimana and Xu Hongyi
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Moïse Bigirimana: School of Economics and Business Studies, Kigali Independent University ULK, Rwanda
Xu Hongyi: School of Management, Wuhan University of Technology, PR China

International Journal of Innovation and Economic Development, 2018, vol. 4, issue 1, 7-18

Abstract: This study examines the relationship between financial inclusion and economic growth of Rwanda using annual data from 2004 to 2016. We used ARDL as it is a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend- or first-difference stationary as developed by Pesaran. The results of our study revealed that there is long-run relationship between financial inclusion and economic growth of Rwanda.

Keywords: Financial inclusion; Economic growth; Commercial bank; ARDL (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:4:y:2018:i:1:p:7-18

DOI: 10.18775/ijied.1849-7551-7020.2015.41.2001

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