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In a recent article, Nowak-Lehmann, Dreher, Herzer, Klasen, and Martínez-Zarzoso (2012) (henceforth NDHKM) conclude that foreign aid has not had a significant effect on income, based on evidence from panel data potentially covering 131 countries over the period 1960-2006. The present study...
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Purpose: The relationship between financial inclusion and economic growth is an intriguing topic that is generating extensive attention among researchers and merits comprehensive investigation. This paper aims to empirically explore this relationship using panel data for 13 Middle Eastern and...
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