Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaEMNES Working paper 35 – Financial inclusion in the Middle East and North Africa and its effect on unemployment
The Euro-Mediterranean Network for Economic Studies (EMNES) published a new working paper on its website. The purpose of this study is to investigate empirically the relationship between financial inclusion and unemployment for a sample of countries within the MENA. An index for financial inclusion, using Sarma (2008), has been estimated for Egypt, Jordan, Lebanon, Morocco and Tunisia during the period 2008-2018. The estimated index for financial inclusion reveals that, despite some progress, there is a need to foster financial inclusion in the region.
Based on this index, the impact of financial inclusion on unemployment has been tested. The estimation of a random effect model testing the relationship between financial inclusion and unemployment shows a negative effect of financial inclusion on unemployment for the selected sample of countries.
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