The impact of financial inclusion on economic growth in Algeria: An empirical analysis

Authors

  • Meriem Hasnaoui University of Ain Temouchent, Algeria
  • Mounir Kechkech University of Ain Temouchent, Algeria
  • Sid Ahmed Zenagui University of Ain Temouchent, Algeria
  • Fatima Derbal University of Ain Temouchent, Algeria

Keywords:

Financial Inclusion, Borrowers, Depositors, ATM density, Economic Growth

Abstract

This study examines the impact of financial inclusion on economic growth in Algeria over the period 2004 to 2018, utilizing econometric analysis with national time series data. Employing the Autoregressive Distributed Lag (ARDL) model, the research investigates the long-run and short-run dynamics between financial inclusion indicators—such as the number of borrowers, number of depositors, and ATM density—and gross domestic product (GDP) growth. The results reveal a significant long-run equilibrium relationship between financial inclusion and economic growth, with a  positive and meaningful impact on economic growth. However, the effects of the number of borrowers and depositors are less pronounced.

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Published

2026-07-09

How to Cite

Hasnaoui, M., Kechkech, M., Zenagui, S. A., & Derbal, F. (2026). The impact of financial inclusion on economic growth in Algeria: An empirical analysis. International Journal of Economic Perspectives, 20(7), 784–796. Retrieved from https://www.ijeponline.org/index.php/journal/article/view/1318

Issue

Vol. 20 No. 7 (2026)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2026 Meriem Hasnaoui, Mounir Kechkech, Sid Ahmed Zenagui, Fatima Derbal

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