Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates
This paper explores the effects of bank-based financial inclusion on per capita real GSP (Gross State Product) growth across all fifty U.S. states and the District of Columbia (DC) using panel data over 1997-2013. Estimates of Pedronis panel vector error-correction model and GMM dynamic panel estima...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2015-06-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150715105202-UI20C.pdf |
| _version_ | 1811189919085756416 |
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| author | Muhammad Mustafa Matiur Rahman |
| author_facet | Muhammad Mustafa Matiur Rahman |
| author_sort | Muhammad Mustafa |
| collection | DOAJ |
| description | This paper explores the effects of bank-based financial inclusion on per capita real GSP (Gross State Product) growth across all fifty U.S. states and the District of Columbia (DC) using panel data over 1997-2013. Estimates of Pedronis panel vector error-correction model and GMM dynamic panel estimates reveal that increases in outstanding bank credit and bank-branch expansion exert significantly positive effects on per capita real GSP growth. Furthermore, rises in the number of other financial institutions and deposit mobilization by banks have subdued net positive effects on per capita real GSP growth. |
| first_indexed | 2024-04-11T14:41:48Z |
| format | Article |
| id | doaj.art-82449d8fd2964385b6c4ca1722a5deab |
| institution | Directory Open Access Journal |
| issn | 1088-6931 2384-1648 |
| language | English |
| last_indexed | 2024-04-11T14:41:48Z |
| publishDate | 2015-06-01 |
| publisher | People & Global Business Association (P&GBA) |
| record_format | Article |
| series | Global Business and Finance Review |
| spelling | doaj.art-82449d8fd2964385b6c4ca1722a5deab2022-12-22T04:17:50ZengPeople & Global Business Association (P&GBA)Global Business and Finance Review1088-69312384-16482015-06-01201879410.17549/gbfr.2015.20.1.87Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM EstimatesMuhammad Mustafa0Matiur Rahman1South Carolina State University Orangeburg, SC USAMcNeese State University Lake Charles, LA USAThis paper explores the effects of bank-based financial inclusion on per capita real GSP (Gross State Product) growth across all fifty U.S. states and the District of Columbia (DC) using panel data over 1997-2013. Estimates of Pedronis panel vector error-correction model and GMM dynamic panel estimates reveal that increases in outstanding bank credit and bank-branch expansion exert significantly positive effects on per capita real GSP growth. Furthermore, rises in the number of other financial institutions and deposit mobilization by banks have subdued net positive effects on per capita real GSP growth.http://www.gbfrjournal.org/pds/journal/thesis/20150715105202-UI20C.pdffinancial inclusionper capita real gsp growthpanel cointegrationgeneralized method of moments |
| spellingShingle | Muhammad Mustafa Matiur Rahman Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates Global Business and Finance Review financial inclusion per capita real gsp growth panel cointegration generalized method of moments |
| title | Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates |
| title_full | Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates |
| title_fullStr | Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates |
| title_full_unstemmed | Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates |
| title_short | Financial Inclusion and Per Capita Real GSP Growth across Fifty US States and the District of Columbia: Evidences from Panel Cointegration and GMM Estimates |
| title_sort | financial inclusion and per capita real gsp growth across fifty us states and the district of columbia evidences from panel cointegration and gmm estimates |
| topic | financial inclusion per capita real gsp growth panel cointegration generalized method of moments |
| url | http://www.gbfrjournal.org/pds/journal/thesis/20150715105202-UI20C.pdf |
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