Financial inclusion as a pillar of sustainable growth: International experience

As proposed by the current theoretical framework, the fact that the economic growth of a country depends not only on the formation of physical and human capital and the sustainable exploitation of its natural resources, but also on the financial inclusion that allows economic agents to find solution...

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Published in:Ekonomski horizonti 2021-05, Vol.23 (2), p.107-121
Main Author: Pavón, Cuéllar
Format: Article
Language:English
Subjects:
Economic growth
Financial inclusion
GDP
Gross Domestic Product
Growth models
Human capital
Hypotheses
Liquidity
Natural resources
Sustainability
Sustainable development
sustainable economic growth
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description As proposed by the current theoretical framework, the fact that the economic growth of a country depends not only on the formation of physical and human capital and the sustainable exploitation of its natural resources, but also on the financial inclusion that allows economic agents to find solutions to liquidity restrictions and channel savings towards productive investment is exhibited in this paper. By matching multiple databases, static and dynamic panel estimates are developed, verifying the robustness of results and the endogenous nature of economic growth. The current research demonstrates that social inclusion is not only the desired result of economic growth, but a required input for its future sustainability.
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source Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; ABI/INFORM Global; Publicly Available Content (ProQuest); Coronavirus Research Database
subjects Economic growth
Financial inclusion
GDP
Gross Domestic Product
Growth models
Human capital
Hypotheses
Liquidity
Natural resources
Sustainability
Sustainable development
sustainable economic growth
title Financial inclusion as a pillar of sustainable growth: International experience
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