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Journals / Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi / 2021 / Cilt: 24 - Sayı: 45

Relationship between financial inclusion and educational level: A research on developed and developing countries

Finansal erişim ve eğitim düzeyi ilişkisi: Gelişmiş ve gelişmekte olan ülkeler üzerine bir araştırma

Hilal OK ERGÜN
Pages
287–312
Publication Date
2021-06-30
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Furthermore, it is concluded that educational level has a statistically significant and positive effect on financial inclusion level in all models in which the long-term relationship would be estimated.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to research the relationship between financial inclusion and educational level in developed and developing countries.
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Key Findings & Data:The study examines the period 1990-2017 and covers 47 countries.
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Conclusion & Impact:Furthermore, it is concluded that educational level has a statistically significant and positive effect on financial inclusion level in all models in which the long-term relationship would be estimated.
🔬Design:Modeling & Simulation
📍Scope:2017 Verileri
⚙️Variables:Financial Inclusion · Educational level · Panel Cointegration

Abstract

The aim of this study is to research the relationship between financial inclusion and educational level in developed and developing countries. For this purpose, two different models have been established and Johansen-Fisher cointegration test, Fully Modified Ordinary Least Squares method (FMOLS), Dynamic Ordinary Least Squares method (DOLS) are utilized while Granger causality analysis is also performed according to panel vector error correction model. The study examines the period 1990-2017 and covers 47 countries. Consequently, it is specified that there is a long-term cointegration between financial inclusion and educational level in developed and developing country economies and no casuality relationship in the short term. Furthermore, it is concluded that educational level has a statistically significant and positive effect on financial inclusion level in all models in which the long-term relationship would be estimated.

Özet

Bu çalışmanın amacı, gelişmiş ve gelişmekte olan ülkelerde finansal erişim ile eğitim düzeyi arasındaki ilişkiyi araştırmaktır. Bu amaç doğrultusunda çalışmada, iki farklı model kurulmuş ve Johansen-Fisher eş bütünleşme testi, Tam Düzeltilmiş En Küçük Kareler Yöntemi (FMOLS), Dinamik En Küçük Kareler Yöntemi (DOLS) ve panel vektör hata düzeltme modeline göre Granger nedensellik analizi yapılmıştır. Çalışma, 1990-2017 dönemini incelemekte olup, 47 ülkeyi kapsamaktadır. Çalışma sonucunda, gelişmiş ve gelişmekte olan ülke ekonomilerinde finansal erişim ve eğitim düzeyi arasında uzun dönemli eş bütünleşme ilişkisinin olduğu, kısa dönemde ise nedensellik ilişkisinin olmadığı tespit edilmiştir. Ayrıca, uzun dönemli ilişkinin tahmin edildiği tüm modellerde, eğitim düzeyi ve finansal erişim ilişkisinin, istatistiksel olarak anlamlı ve pozitif yönlü olduğu sonucuna varılmıştır.

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Cite This Article

ERGÜN, H. O. (2021). Relationship between financial inclusion and educational level: A research on developed and developing countries. Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 24 - Sayı: 45, 287–312. https://ajindex.com/articles/219602

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