Role of Micro finance Institutions In Promoting Financial Inclusion and Economic Growth

Imran Naseer and Amir Azam

MPRA Paper from University Library of Munich, Germany

Abstract: Many of the developing and advanced economies are focusing on the improvement of Microfinance Institute Performance because most of the studies and empirical results support the existence of significant positive relationship between Microfinance Institute Performance and Index of Financial Inclusion and both have significant positive impact on Economic Growth and its one of the basic goal and objective of the economies to attain sustainable economic growth. Through the current study it is being tried to find the relationship between microfinance institute performance, financial inclusion and economic growth in South Asian economies using Panel data from 2009-2017 using Common Random Effect, Random and Fixed effect Model. The findings show that there is strong positive relationship between Micro finance Institute Performance, Financial Inclusion and Economic Growth. Therefore the developing economies specially Pakistan whose most of economic indicators are showing declining position can sustain their economic growth through proper utilization of Micro finance Institution Performance.

Keywords: Micro finance Institute; Index of Financial Inclusion; Economic Growth; South Asian Region (search for similar items in EconPapers)
JEL-codes: G23 G28 (search for similar items in EconPapers)
Date: 2019-08-28, Revised 2019-12-12
New Economics Papers: this item is included in nep-eff, nep-fdg, nep-fle and nep-mfd
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