Financial inclusion and economic growth nexus: Evidence from SAARC countries-Reference-Cited by-同舟云学术

Financial inclusion and economic growth nexus: Evidence from SAARC countries

Published:2020-11-06 Issue:2 Volume:41 Page:238-258
ISSN:0262-7280
Container-title:South Asia Research
language:en
Short-container-title:South Asia Research

Author:

Singh Dharmendra¹²,Stakic Nikola³²

Affiliation:

1. Dharmendra Singh is an Assistant Professor (Finance) at the Modern College of Business and Science in Muscat, Sultanate of Oman. He holds a PhD in Finance from Lucknow University and has rich professional experience of over 20 years in this field. His research area includes banking, corporate finance and financial markets. [e-mail: ]

2. Modern College of Business and Science, Muscat, Oman and Singidunum University, Belgrade, Serbia

3. Nikola Stakic is a senior academic and the Assistant Professor at the Faculty of Business at Singidunum University, Belgrade, Serbia. He holds a PhD in Economics and his research interests include financial markets, securities valuation, financial institutions and corporate finance. [e-mail: ]

Abstract

This article examines the nexus between financial inclusion index and economic growth in all eight South Asian Association for Regional Cooperation (SAARC) countries, using annual data from 2004 to 2017. In order to determine the possible long-run relationship between these variables, the study adopted the Pedroni panel co-integration test and two types of co-integration regression methods, the Fully Modified Ordinary Least Square (FMOLS) and the Dynamic Ordinary Least Square (DOLS) methods. The Pedroni panel co-integration test confirms the existence of a long-run relationship between financial inclusion and economic growth in the SAARC countries. The coefficients of FMOLS and DOLS indicate that the index of financial inclusion and selected control variables together support economic growth. In addition, the Granger causality test confirmed bi-directional causality between FI and economic growth.

Publisher

SAGE Publications

Subject

General Economics, Econometrics and Finance,General Social Sciences,General Arts and Humanities

Link

http://journals.sagepub.com/doi/pdf/10.1177/0262728020964605

Reference52 articles.

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