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Does financial development influence fertility rate in South Asian economies? An empirical insight
Author(s) -
Sethi Narayan,
Jeihar Ranjan,
Loganathan Nanthakumar
Publication year - 2021
Publication title -
business strategy and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.488
H-Index - 7
ISSN - 2572-3170
DOI - 10.1002/bsd2.131
Subject(s) - economics , quantile , quantile regression , econometrics , cointegration , fertility , financial sector development , total fertility rate , error correction model , financial sector , finance , research methodology , demography , population , sociology , family planning
The purpose of this paper is to empirically investigate the effect of financial development on fertility rate along with other major indicators in select South Asian economies over the period 1990–2016. The study uses various statistical techniques such as Johansen–Fisher panel co‐integration approaches are employed to examine the long‐run relationship among the variables and for statistically quantile regression is employed. The study finds that the variables under consideration are found to be cointegrated, that is, they are found to be having a long‐term relationship. By using three different measures of financial sector development, it is also observed that financial sector development has invariably led to a declining fertility rate in the south Asian region during the study period.