Sage Journals: Discover world-class research

Abstract

Financial system development and growth share a two-way relationship. A developed financial system enterprises real growth and a growing economy’s demand leads to the development of the financial sector. In order to realize the goals of development, it is important that the financial system should not only be developed but also be inclusive. Banking system/institutions of countries have played a vital role in promoting and establishing financial systems to meet the requirements of the majority of people. Improved access to banks results in financial inclusion and sustainable development. Globally, the country governments have made several policy decisions and adopted regulations to ensure that banks reach to majority of the people. This article aims to analyze the banking outreach for the countries of GCC for a period of seven years from 2010 to 2017. This analysis will be based on geographic and demographic indicators of the outreach of banks’ physical outlets in the form of bank branches and its ATMs. This analysis will help to identify the countries of GCC with easier geographic and demographic access.

Keywords

Financial system banking outreach geographic indicators demographic indicators countries of GCC

Get full access to this article

View all access options for this article.

References

Asongu

(2014). Financial development dynamic thresholds of financial globalization: Evidence from Africa. Journal of Economic Studies , 41(2), 166–195.

Beck

Demirguc-Kunt

Martinez Peria

M. S.

(2005). Reaching out: Access to and use of banking services across countries . World Bank.

Callen

Cherif

Hasanov

Hegazy

Khandelwal

(2014). Economic diversification in the GCC: Past, present, and future [Staff Discussion Note, IMF].

Demirguc-Kunt

(2007). Reaching out: Access to and use of banking services across countries. Journal of Financial Economics , 85(1), 234–266.

El Gindi

(2016). Oil and natural gas in GCC countries. Academic foresights . http://www.academic-foresights.com/Oil_and_Natural_Gas_in_GCC_Countries.html

Martinez Peria

M. S.

Klapper

(2014). Single-year expert meeting on the impact of access to financial services. The impact of access to financial services, including by highlighting the impact on remittances and development: Economic empowerment of women and youth . UNCTAD.

Odedokun

(1998). Financial intermediation and economic growth in developing countries. Journal of Economic Studies , 25(3), 203–224.

Sarma

(2008). Index of financial inclusion [Working Paper No. 215, Indian Council for Research and Economic Relations].

Sharma

(2016). Nexus between financial inclusion and economic growth: Evidence from the emerging Indian economy. Journal of Financial Economic Policy , 8(1), 13–36.

10.

Ugo

Zubair

(2003). GCC countries: From oil dependence to diversification . IMF.

11.

Vidyarthi

(2017). Banking outreach, infrastructure development and regional growth: Empirical evidence from Indian states. World Journal of Entrepreneurship, Management and Sustainable Development , 13(2), 114–127.

Banking Outreach: A Geographic and Demographic Analysis for Countries of the Gulf Cooperation Council

Abstract

Keywords

Get full access to this article

References