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Does financial inclusion and ICT influence the economic growth: an evidence from select emerging economies using panel data estimates

Year: 2025

Type: article

Abstract: Information Communication Technology (ICT) 's contribution to financial ‎services and economic growth is extensively researched. With technological development, the ‎financial systems are converging with ICT platforms, thereby leading to digital financial systems‎, creating opportunities that bridge the gap between affluent and disadvantaged sections in ‎emerging economies. In this study, we employ the panel data estimation method to evaluate the ‎impact of ICT in providing financial services that would lead to sustainable economic growth in ‎‎12 emerging economies from 2010 to 2024. The findings emphasize the critical role ‎of digital financial services and ICT infrastructure in boosting financial inclusion and driving ‎inclusive economic growth. The Random Effect model has inferred that there exists a moderate ‎effect of fixed telephone lines and mobile cellular subscribers on GDP by simplifying digital ‎applications, integrating regional languages. By ensuring secure systems in places, the regulators ‎and service providers can contribute to the sustainable economic growth of both the country ‎and the underserved communities‎.

Source: International Journal of Accounting and Economics Studies

DOI: 10.14419/xsnv7178

Authors: Shylaja H. N, Sathish Pachiyappan, B. S. Arjun, Chandrakala G, Janani Ravinagarajan

Institutions: Manipal Academy of Higher Education, Christ University, Dayananda Sagar University, Shiv Nadar University, Chennai

Language: English

Topic: Economic Growth and Development

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: bronze

OpenAlex ID: W4409624716

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