Role of Financial Inclusion in Human Development: Evidence from Bangladesh, India and Pakistan

Emon Kalyan Chowdhury () and Rupam Chowdhury
Additional contact information
Emon Kalyan Chowdhury: Chittagong Independent University
Rupam Chowdhury: University of Science and Technology Chittagong

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 136, 3329-3354

Abstract: Abstract This study measures the impact of financial inclusion on human development in Bangladesh, India, and Pakistan. Despite rapid economic progress, these three South Asian countries still lag in improving their state of inequality, poverty, and unemployment. Using panel data and applying the generalized method of moments (GMM), this study finds a positive impact of financial inclusion on human development, specifically on income level, life expectancy, and educational attainment. It is expected that the outcome-based recommendations of this study will help policymakers optimize the benefits of financial inclusion in accelerating human development in the three highly promising emerging South Asian countries.

Keywords: Financial inclusion; Human development; Income level; Education; GMM (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-023-01366-x Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-023-01366-x

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-023-01366-x

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().