TY  - JOUR
TI  - THE IMPACT OF FOREIGN DIRECT INVESTMENT ON FINANCIAL INCLUSION: AN EMPIRICAL INVESTIGATION
AB  - Many  studies  discuss  the  result  of  foreign  direct  investment  on  the  financial  development  and economic  growth  of  different  countries,  but  the  FDI's  effect  on  financial  inclusion  is  considered understudied and not yet subjected to proper empirical evaluation. Therefore, this paper empirically examines  the  impact  of  foreign  direct  investment  (FDI)  on  financial  inclusion  corresponding  to  its different quantiles for a maximum sample of 99 countries over the period 2005-2016 by using the non-parametric  analysis,namely  the  non-parametric  quantile  regression  approach  with  Markov Chain  Monte  Carlo  (MCMC)  optimization  that  allows  examining  the  impact  of  FDIon  financial inclusion  at  a  different  level  of  financial  inclusion.  The  results  suggest  that  the  impact  of  FDI  on financial inclusion varies across countries based on the level of financial inclusion. Specifically, the FDI  has  a  positive  and  statisticallysignificant  association  with  financial  inclusion  in  all  quantiles indicating  that  FDI  does  increase  financial  inclusion  regardless  of  having  low,  medium,  or  high levels  of  financial  inclusion.  The  study  recommends  that  decision-makers  need  to  consider  FDIwhile developing policies for the improvement of financial inclusion.
AU  - Khan, Dr Shabeer
AU  - Omer, Ayan Mohamoud
AU  - ASLAN, HAKAN
PY  - 2023
JO  - Dicle Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
IS  - 32
SN  - 1308-6219
SP  - 479
EP  - 494
DB  - TRDizin
UR  - http://search/yayin/detay/1160108
ER  -