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on Financial Literacy and Education |
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Issue of 2020‒11‒02
two papers chosen by Viviana Di Giovinazzo Università degli Studi di Milano-Bicocca |
| By: | Vo, Duc; Vo, Anh |
| Abstract: | Policies on financial inclusion have attracted great attention from scholars, policymakers, and regulators, as financial inclu- sion has theoretically been acknowledged to have positive effect on economic growth. However, empirical evidence appears limited, especially for emerging markets. This article is conducted to provide a comprehensive insight between financial inclusion and economic growth in emerging markets. First, a multidimensional index is constructed so that a level of financial inclusion can be measured at the international level. Second, based on this newly developed index, the panel econometric technique is utilized to estimate the impact of financial inclusion on economic growth. Our finding supports a positive relationship between financial inclusion and economic growth. A stronger relationship is found for countries with low income and a lower degree of financial inclusion. Policy implications have been emerged that financial inclusion should be implemented for promoting economic growth and development in the emerging markets such as Vietnam |
| Keywords: | Financial inclusion; multidimensional index; panel data; economic growth |
| JEL: | C33 C43 G28 O47 |
| Date: | 2019–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:103282&r=all |
| By: | Abdul Magid Osman; Djamila Pontes Osman |
| Abstract: | The financial inclusion effort achieved positive results, with the number of Mozambicans having access to banking services increasing considerably, particularly after 2011-12. However, the economic and social impact was limited, considering that farm productivity has remained low and poverty levels are still high. The neoliberal doctrine in the economic sphere, its expression in the restrictive monetary policies, and the weakness of the multi-party democracy system have been institutional factors restricting economic and social development. |
| Keywords: | Credit, guarantees, Financial inclusion, SME, smallholder farmers |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:unu:wpaper:wp-2020-129&r=all |