Financial Inclusion and Legal System Quality

Muhammad Faiq Butt and Qurat-ul Ain
Additional contact information
Muhammad Faiq Butt: Lecturer, School of Law, University of Okara, Pakistan
Qurat-ul Ain: Lecturer/Incharge, Department of Economics, University of Okara, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 4, 335-340

Abstract: This paper reveals a positive association between financial inclusion and the quality of the legal system within a sample of 27 industrialized nations spanning the years 2004 to 2020. The research employs the metric of bank branches and ATMs per 100,000 individuals as indicators of financial inclusion, alongside many significant factors pertaining to the quality of the legal system. The results indicate that there is a positive correlation between an increase in one variable and an improvement in the other. There exists a positive correlation between the expansion of bank branches and the facilitation of procedures linked to construction permits and the enforcement of judgments. Conversely, there exists a positive correlation between the proliferation of automated teller machines (ATMs) and the facilitation of credit acquisition, contract enforcement, judgment enforcement, and insolvency resolution. The study asserts that there exists a mutually beneficial relationship between financial inclusion and the quality of the judicial system inside an economy.

Keywords: Financial Inclusion; Correlation; Legal System; ATM; Bank Branches (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/BBE/article/view/621 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:4:p:335-340

DOI: 10.61506/01.00129

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().