Study on the impact of financial inclusion on national exports: -- Evidence from 128 Countries

Jiahui Duan

doi:10.54691/bcpbm.v18i.550

Authors

Jiahui Duan

DOI:

https://doi.org/10.54691/bcpbm.v18i.550

Keywords:

financial exclusion, export, B&R

Abstract

Since United Nation put forward the conception of financial inclusion in 2006, many countries, especially developing countries, have adopted financial inclusion development policies to promote inclusive growth and narrow the gap between rich and poor. Relying on unbalanced panel data from 2004-2019 at country level, we analyze the effect of financial inclusion on export size, which provides evidence for necessity to improve financial inclusion system. Our findings show that: (1) Financial inclusion development expands export size. (2) This effect is robust after soften endogeneity issues and measurement error. (3) Heterogeneity tests reveal that the effect is more obvious in developing countries and countries along the Belt & Road initiative (B&R).

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