Financial inclusion, economic growth and the role of digital technology

Siti Nurazira Mohd Daud and Abd Halim Ahmad

Finance Research Letters, 2023, vol. 53, issue C

Abstract: This paper examines the relationship between financial inclusion, digital technology and economic growth. A dynamic panel data analysis examines 84 countries since the GFC period. The results show that there is a positive and significant effect of financial inclusion and digital technology on country economic growth. In addition, digital technology plays a role in complementing the effects of financial inclusion on economic growth, implying that consolidation efforts should take place in improving financial ecosystems via digital technology infrastructure.

Keywords: Financial inclusion; Digital finance; Growth; Stability; Threshold (search for similar items in EconPapers)
JEL-codes: C33 C54 O11 O47 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:53:y:2023:i:c:s1544612322007784

DOI: 10.1016/j.frl.2022.103602

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