The Impact of Microfinance on Economic Growth: Evidence from the Gulf Countries

Ahmed A. Salem Abdelsalam ()
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Ahmed A. Salem Abdelsalam: Libyan International Medical University, Libya

A chapter in Global Economic Challenges, 2023, pp 101-112 from Springer

Abstract: Abstract This article investigates the impact of microfinance on economic growth in the Gulf countries using annual data from the World Bank database between 1990 and 2020. A panel data analysis is used to run the regression model via pooled OLS. Results reveal that Microfinance is significantly and negatively associated with economic growth, while market capitalization positively impacts the growth. Therefore, financial services provided by the stock market may promote economic growth rather than Domestic credit provided by the banking sector.

Keywords: Economic growth; Microfinance institution; Market capitalization; Microcredit; Investment; GCC countries (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-23416-3_8

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DOI: 10.1007/978-3-031-23416-3_8

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