Financial inclusion and economic growth in OIC countries

Kim, Dai-Won; Yu, Jung‐Suk; Hassan, M. Kabir

doi:10.1016/j.ribaf.2017.07.178

Cited by 461 publications

(390 citation statements)

References 17 publications

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“…Bruhn and Love (2014) Increased access to financial services would lead to an improvement in income levels, a higher degree of investment on informal business, and a lower unemployment rate overall. Some existing research has focused on the impact of financial inclusion on income inequality and economic growth (Kim, Yu and Hassan, 2018;Kim, 2016;Park and Mercado, 2015;Turegano and Herrero, 2018), and the well-being of households (Swamy, 2014;Zhang and Posso, 2017).…”

Section: Resultsmentioning

confidence: 99%

Financial Inclusion and Macroeconomic Stability in Emerging and Frontier Markets

Van

McAleer

2019

Ann. Finan. Econ.

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Financial inclusion, being considered as a key enabler to reducing poverty and boosting prosperity in emerging and frontier markets such as Vietnam, is the process in which individuals and small businesses are provided with an access to useful and affordable financial products and services. The extant literature on the empirical evidence regarding the contribution of financial inclusion to macroeconomic stability is mixed. This paper investigates the linkages between financial inclusion and macroeconomic stability, which has not yet been thoroughly examined in the literature, for 22 emerging and frontier economies from 2008 to 2015, with particular focus on a potential optimal level. Using the panel threshold estimation technique, the empirical findings show that financial inclusion, as approximated by the growth rate in the number of bank branches over 100,000 account holders, is found to enhance financial stability under a certain threshold. Financial inclusion is also found to be of benefit to maintaining stable inflation and output growth. Policy implications are also discussed on the basis of the important empirical findings.

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Section: Resultsmentioning

confidence: 99%

Financial Inclusion and Macroeconomic Stability in Emerging and Frontier Markets

Van

McAleer

2019

Ann. Finan. Econ.

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“…The study confirms a strong relationship between banking penetration and growth. In similar research, Kim, Yu, and Hassan (2018) study the association between financial inclusion and economic growth in OIC countries. The study reveals the positive impact of financial inclusion and economic growth and their mutual causality for each other.…”

Section: Review Of the Literaturementioning

confidence: 96%

FinTech in India: An analysis on impact of telecommunication on financial inclusion

Siddiqui

2020

Strategic Change

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There is an evident impact of telecommunication on financial inclusion in the case of several constructs irrespective of regional differences in India. Poor households suffer from inadequate access to financial services. Telecom plays an essential role in expanding financial services to rural areas and in helping people to improve their lives. Inclusive and holistic policies need to be promoted, which will simultaneously enhance telecommunication infrastructure and financial inclusion in India.

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“…99 http://mmi.fem.sumdu.edu.ua/en Studies have established a link between financial inclusion and poverty reduction, and economic growth (see Evans &Adeoye, 2016 andKim, Yu &Hassan, 2018). Hence, to achieve an inclusive growth that is capable of increasing employment opportunities, reducing poverty, and increase the welfare of the masses in general, various policies and programs have been launched these include, the Maya Declaration, the Global agenda for Financial Inclusion action plan, aim at universal access to basic financial services.…”

Section: Marketing and Management Of Innovations 2018 Issuementioning

confidence: 99%

Innovation determinants of financial inclusion in top ten African countries: a system GMM approach

Bakari¹,

Idi²,

Ibrahim³

2018

MMI

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Financial inclusion has been acclaimed to play a significant role in combating the three evils of poverty, unemployment and poverty, which have been a serious hindrance to the growth path of developing countries like Africa. It was against this that, this paper examined the drivers of financial inclusion in the top ten African economies in terms of gross domestic product growth rate. These include Angola,

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Financial inclusion and economic growth in OIC countries

Cited by 461 publications

References 17 publications

Financial Inclusion and Macroeconomic Stability in Emerging and Frontier Markets

Financial Inclusion and Macroeconomic Stability in Emerging and Frontier Markets

FinTech in India: An analysis on impact of telecommunication on financial inclusion

Innovation determinants of financial inclusion in top ten African countries: a system GMM approach

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