Financial Inclusion, Economic Growth and Human Well-Being Nexus: Empirics from Pakistan, India, China, Sri-Lanka, Bangladesh and Malaysia
Marc Audi,
Chan Bibi and
Khalil Ahmad
Additional contact information
Chan Bibi: International Islamic University, Islamabad, Pakistan
Bulletin of Business and Economics (BBE), 2019, vol. 8, issue 4, 177-190
Abstract:
This article has examined the impact of financial inclusion on economic growth and human well-being in the case of Pakistan, India, China, Sri-Lanka, Bangladesh and Malaysia over the period of 1990 to 2018. Panel pooled regression has been applied for the examined the relationship among the selected variables of the model. The results show that financial development has a negative and insignificant impact on economic growth, but it has a negative and significant impact on human well-being. Number of bank branches have a positive but insignificant impact on economic growth, but number of bank branches have a positive and significant impact on human well-being. The loans to rural areas have a positive and significant impact on economic growth, whereas it has a positive but insignificant impact on human well-being. Money supply has a positive and significant impact on economic growth and human well-being at the same time. Foreign direct investment has a positive and significant impact on economic growth and human well-being. The results show that income inequality has a negative and significant impact on economic growth and human well-being. Economic development has a positive and significant impact on human well-being, this show that economic development can be enhanced for higher human well-being. The study suggests that for higher economic growth and human well-being, financial inclusion is playing an important role in the case of selected Asian countries.
Keywords: Financial Inclusion; Economic Growth and Development; Poverty Reduction (search for similar items in EconPapers)
JEL-codes: B26 I32 O47 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/135/89 (application/pdf)
https://bbejournal.com/index.php/BBE/article/view/135 (text/html)
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:rfh:bbejor:v:8:y:2019:i:4:p:177-190
Access Statistics for this article
Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani
More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().