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Financial Inclusion Fosters Growth: Simple Multiplier and "AK" Growth Model Analysis

Year: 2017

Type: article

Abstract: This study clearly demonstrates analytically that financial inclusion as the aim of a supply leading strategy of financial development model can clearly create faster growth. Firstly, a multiplier model is used to demonstrating as to how financial inclusion creates more output than in case of a demand following model of financial development. Secondly, the most popular

Source: Universal Journal of Accounting and Finance

DOI: 10.13189/ujaf.2017.050301

Authors: Subrahmanyam Ganti, Debashis Acharya

Institution: University of Hyderabad

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2752831253