Financial Inclusion and Economic Growth

One of the most effective catalysts of economic growth of any nation is obviously financial inclusion. However, in developing countries such as Zimbabwe gender gap is still an impediment to the achievement of financial inclusion for all. Research findings for this paper show that, increasing women’s financial opportunities and financial awareness on how to access financial products and services will go a long way in reducing the gender gap. Furthermore, increasing access to and use of quality financial products and services is essential to inclusive economic growth and poverty reduction. Although the government of Zimbabwe is taking steps to increase women financial inclusiveness, research shows that women in Zimbabwe trail behind men in as far as access to financial services is concerned. Zimbabwean communities remain dominantly patriarchal and women are always lagging behind in developmental projects meant for their empowerment. This paper seeks to assess the implementation of women’s financial inclusion highlighting opportunities and barriers such as the gender gap and how this may be overcome. The study is qualitative in nature and therefore makes use of interviews and questionnaires for data collection. It is envisioned by the researchers that the research findings will be beneficial to women; their empowerment and development and national development. It is hoped to change the way in which the banking and financial sectors deal with women’s financial inclusion for the betterment of their livelihoods. Furthermore, women’s financial empowerment will improve livelihoods of many families given the caring nature of mothers, sisters, aunts and grandmothers.

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Development and Access to Finance of Small and Medium-Sized Enterprises in Mongolia

Innovative Management and Business Practices in Asia - Advances in Human Resources Management and Organizational Development ◽

10.4018/978-1-7998-1566-2.ch014 ◽

2020 ◽

pp. 265-294

Author(s):

Gan-Ochir Doojav ◽

Davaajargal Luvsannyam ◽

Bilguun Sukhbaatar ◽

Bilguunzul Sodnomdarjaa ◽

Tsolmon Otgonbat ◽

...

Keyword(s):

Economic Growth ◽

Building Blocks ◽

Business Environment ◽

Financial Inclusion ◽

Capital City ◽

Medium Size ◽

Access To Finance ◽

External Finance ◽

Reform Strategy ◽

Lending Rate

This chapter presents a recent survey on the development and accessibility for finance of small and medium-size enterprises (SMEs) in Mongolia. The survey covers a sample of 1922 SMEs from Ulaanbaatar, the capital city, and 21 provinces. We find that banks and local government administrations are the most supportive institutions for SME development. Political instability, corruption, and labour supply, a high lending rate, short maturity loans, and service fees are perceived as the major obstacles that SMEs face in the business environment. Our results also suggest that SMEs in Mongolia are less likely to have access to external finance because of tight credit condition, potentially explaining the lack of SME growth. Implementing country-specific reform strategy for SME development covering key building blocks is needed to promote SME financial inclusion and facilitate SMEs to contribute to the economic growth.

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A Study on the Effect of Financial Inclusion on the Relationship Between Income Inequality and Economic Growth

Emerging Markets Finance and Trade ◽

10.1080/1540496x.2016.1110467 ◽

2015 ◽

Vol 52 (2) ◽

pp. 498-512 ◽

Cited By ~ 40

Author(s):

Jong-Hee Kim

Keyword(s):

Economic Growth ◽

Income Inequality ◽

Financial Inclusion ◽

The Relationship

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The Trade-Off Between Economic Performance and Environmental Quality: Does Financial Inclusion Asymmetrically Matter for Emerging Asian Economies?

10.21203/rs.3.rs-834441/v1 ◽

2021 ◽

Author(s):

Dong Liu ◽

Yuantao Xie ◽

Muhammad Hafeez ◽

Ahmed Usman

Keyword(s):

Economic Growth ◽

Carbon Emissions ◽

Economic Performance ◽

Negative Impact ◽

Positive Impact ◽

Insurance Premium ◽

Financial Inclusion ◽

Bank Credit ◽

Bank Branches ◽

Long Run

Abstract This study examines the role of financial inclusion on the environment-economic performance in the top five Asian emerging economies. The data used for empirical investigation covers the time period from 1995 to 2019. Financial inclusion is measured through bank branches, bank credit, and insurance premiums. To check long-run associations, the panel-ARDL approach has been employed for empirical analysis. The empirical evidence confirms the significant associations between financial inclusion-GDP nexus and financial inclusion-CO2 nexus. The findings show that bank branches and bank credit have a significantly positive impact on economic growth and CO2 emissions in the long-run. However, insurance premium has no impact on economic growth but it exerts a significant negative impact on carbon emissions in the long-run. Furthermore, energy consumption is highly sensitive to economic growth and carbon emissions. The study delivers imperative points for pollution eradication and attaining sustained economic growth. There is a need for government-level efforts to align the targets of financial inclusion with economic growth and environmental policies.

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