Financial inclusion as a catalyst for economic growth: evidence from selected developing countries
This study examines the connection between economic growth and financial inclusion, with a particular emphasis on Bangladesh, Malaysia, and Pakistan. This study examined data from these nations between 2004 and 2019 using panel data analysis. The findings of the fixed-effect regression showed that f...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Social Sciences |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311886.2024.2387907 |
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| author | Nasir Khan Md. Sharif Hassan Mohd Faizal Yusof Md. Aminul Islam Maisha Marium Rahim |
| author_facet | Nasir Khan Md. Sharif Hassan Mohd Faizal Yusof Md. Aminul Islam Maisha Marium Rahim |
| author_sort | Nasir Khan |
| collection | DOAJ |
| description | This study examines the connection between economic growth and financial inclusion, with a particular emphasis on Bangladesh, Malaysia, and Pakistan. This study examined data from these nations between 2004 and 2019 using panel data analysis. The findings of the fixed-effect regression showed that financial inclusion had a major and favorable impact on economic growth in each of the three countries. It was also discovered that several other factors, including inflation, population growth, and trade openness, significantly and favorably affect economic growth. According to paired Granger causality tests, the variables had a unidirectional association. The results indicate that financial inclusion contributes to economic growth in Bangladesh, Malaysia, and Pakistan; hence, governments of these nations should develop plans to increase financial inclusion. |
| format | Article |
| id | doaj-art-07b018feb7074b6f9529b36d7210a2d5 |
| institution | Matheson Library |
| issn | 2331-1886 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Social Sciences |
| spelling | doaj-art-07b018feb7074b6f9529b36d7210a2d52025-07-01T17:23:25ZengTaylor & Francis GroupCogent Social Sciences2331-18862024-12-0110110.1080/23311886.2024.2387907Financial inclusion as a catalyst for economic growth: evidence from selected developing countriesNasir Khan0Md. Sharif Hassan1Mohd Faizal Yusof2Md. Aminul Islam3Maisha Marium Rahim4UCP Business School, University of Central Punjab Lahore, Lahore, PakistanFaculty of Business & Law, Taylor’s University, Selangor, MalaysiaFaculty of Resilience, Rabdan Academy, Abu Dhabi, UAEFaculty of Business & Communication, Universiti Malaysia Perlis & College of Business Administration, Prince Mohammad Bin Fahd University, Dhahran, Saudi ArabiaGisma Business School, University of Law, Guildford, UKThis study examines the connection between economic growth and financial inclusion, with a particular emphasis on Bangladesh, Malaysia, and Pakistan. This study examined data from these nations between 2004 and 2019 using panel data analysis. The findings of the fixed-effect regression showed that financial inclusion had a major and favorable impact on economic growth in each of the three countries. It was also discovered that several other factors, including inflation, population growth, and trade openness, significantly and favorably affect economic growth. According to paired Granger causality tests, the variables had a unidirectional association. The results indicate that financial inclusion contributes to economic growth in Bangladesh, Malaysia, and Pakistan; hence, governments of these nations should develop plans to increase financial inclusion.https://www.tandfonline.com/doi/10.1080/23311886.2024.2387907Financial inclusioneconomic growthtrade opennessinflationpopulation growthEconomics |
| spellingShingle | Nasir Khan Md. Sharif Hassan Mohd Faizal Yusof Md. Aminul Islam Maisha Marium Rahim Financial inclusion as a catalyst for economic growth: evidence from selected developing countries Cogent Social Sciences Financial inclusion economic growth trade openness inflation population growth Economics |
| title | Financial inclusion as a catalyst for economic growth: evidence from selected developing countries |
| title_full | Financial inclusion as a catalyst for economic growth: evidence from selected developing countries |
| title_fullStr | Financial inclusion as a catalyst for economic growth: evidence from selected developing countries |
| title_full_unstemmed | Financial inclusion as a catalyst for economic growth: evidence from selected developing countries |
| title_short | Financial inclusion as a catalyst for economic growth: evidence from selected developing countries |
| title_sort | financial inclusion as a catalyst for economic growth evidence from selected developing countries |
| topic | Financial inclusion economic growth trade openness inflation population growth Economics |
| url | https://www.tandfonline.com/doi/10.1080/23311886.2024.2387907 |
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