Financial inclusion as a pillar of sustainable growth: International experience
As proposed by the current theoretical framework, the fact that the economic growth of a country depends not only on the formation of physical and human capital and the sustainable exploitation of its natural resources, but also on the financial inclusion that allows economic agents to find solution...
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| Format: | Article |
| Language: | English |
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University of Kragujevac
2021-08-01
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| Series: | Economic Horizons |
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| Online Access: | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_2/EH_2021_2_en_2_LIPC.pdf |
| _version_ | 1827862740501266432 |
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| author | Lilianne Isabel Pavón Cuéllar |
| author_facet | Lilianne Isabel Pavón Cuéllar |
| author_sort | Lilianne Isabel Pavón Cuéllar |
| collection | DOAJ |
| description | As proposed by the current theoretical framework, the fact that the economic growth of a country depends not only on the formation of physical and human capital and the sustainable exploitation of its natural resources, but also on the financial inclusion that allows economic agents to find solutions to liquidity restrictions and channel savings towards productive investment is exhibited in this paper. By matching multiple databases, static and dynamic panel estimates are developed, verifying the robustness of results and the endogenous nature of economic growth. The current research demonstrates that social inclusion is not only the desired result of economic growth, but a required input for its future sustainability.
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| first_indexed | 2024-03-12T13:58:32Z |
| format | Article |
| id | doaj.art-2b3b541074c14c90b5d2c0349e5d3a8c |
| institution | Directory Open Access Journal |
| issn | 1450-863X 2217-9232 |
| language | English |
| last_indexed | 2024-03-12T13:58:32Z |
| publishDate | 2021-08-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Economic Horizons |
| spelling | doaj.art-2b3b541074c14c90b5d2c0349e5d3a8c2023-08-22T10:29:34ZengUniversity of KragujevacEconomic Horizons1450-863X2217-92322021-08-0123210511810.5937/ekonhor2102107PFinancial inclusion as a pillar of sustainable growth: International experienceLilianne Isabel Pavón Cuéllar0Faculty of Business and Economics, Mexico Anáhuac University, MexicoAs proposed by the current theoretical framework, the fact that the economic growth of a country depends not only on the formation of physical and human capital and the sustainable exploitation of its natural resources, but also on the financial inclusion that allows economic agents to find solutions to liquidity restrictions and channel savings towards productive investment is exhibited in this paper. By matching multiple databases, static and dynamic panel estimates are developed, verifying the robustness of results and the endogenous nature of economic growth. The current research demonstrates that social inclusion is not only the desired result of economic growth, but a required input for its future sustainability. https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_2/EH_2021_2_en_2_LIPC.pdffinancial inclusionsustainable economic growth |
| spellingShingle | Lilianne Isabel Pavón Cuéllar Financial inclusion as a pillar of sustainable growth: International experience Economic Horizons financial inclusion sustainable economic growth |
| title | Financial inclusion as a pillar of sustainable growth: International experience |
| title_full | Financial inclusion as a pillar of sustainable growth: International experience |
| title_fullStr | Financial inclusion as a pillar of sustainable growth: International experience |
| title_full_unstemmed | Financial inclusion as a pillar of sustainable growth: International experience |
| title_short | Financial inclusion as a pillar of sustainable growth: International experience |
| title_sort | financial inclusion as a pillar of sustainable growth international experience |
| topic | financial inclusion sustainable economic growth |
| url | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2021_2/EH_2021_2_en_2_LIPC.pdf |
| work_keys_str_mv | AT lilianneisabelpavoncuellar financialinclusionasapillarofsustainablegrowthinternationalexperience |