Download PDFOpen PDF in browserFinancial Inclusion and Legal System QualityEasyChair Preprint 1045922 pages•Date: June 28, 2023AbstractThis study analysis the correlation between financial inclusion and legal system quality among 27 developed countries from 2004 to 2020 for which data is collected from World Bank Databases. Data is analyzed by doing a full sample survey and sub samples analysis. In full sample analysis our findings reveal a positive correlation between financial inclusion and legal system quality. No of bank branches and ATM’s per 100000 is used as proxy for financial inclusion along with some major variables for legal system quality. No of bank branches variable is positively correlated with easy dealing with construction permits and Enforcement of judgment while No of ATM’s variable is positively correlated with getting credit, Enforcing contracts, Enforcement of judgment and resolving insolvency in full sample analysis. Same positive correlation is present among most of the variables for the sub samples including G7 Countries, European and Non- European Countries. Thus, it is obvious that both financial inclusion and legal system quality are crucial for each other in order to obtain a higher pace of economic growth. Keyphrases: Financial, correlation, inclusion
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