Open AccessFinancial Inclusion between Financial Innovation and Economic Growth: A Study of Lower Middle Income Economies
Author(s) -
Hina Affandi,
Qaisar Ali Malik
Publication year - 2021
Publication title -
journal of accounting and finance in emerging economies
Language(s) - English
Resource type - Journals
eISSN - 2519-0318
pISSN - 2518-8488
DOI - 10.26710/jafee.v7i4.1931
Subject(s) - financial inclusion , scope (computer science) , inclusion (mineral) , value (mathematics) , economics , business , finance , financial system , financial services , gender studies , sociology , computer science , programming language , machine learning
Financial inclusion is a key concern that has achieved much impulsion in the last two decades internationally. It has the scope of reporting of financial scheme and institutions to the underserved community in the economy. This study examined the effect of financial innovation on economic growth with the mediation of financial inclusion. To address the relationship researchers in this study have used measures from a dataset of low and lower middle income group economies over a sample period from 2010-2017. The results of this study shows that financial innovation creates opportunities for financially excluded segment of the society which results in financial inclusion that leads to economic growth of low and lower middle economies. Therefore, financial innovation is a way for creation of financial inclusion in low and lower middle economies.