IMPACT OF INSTITUTIONAL QUALITY, FINANCIAL INCLUSION, AND INFORMATION COMMUNICATION TECHNOLOGY ON ECONOMIC GROWTH: EVIDENCE FROM SELECTED ASIAN COUNTRIES

Authors

  • DR. AYSHA SAMI LATIF Assistant Professor, Quaid e Azam College of Commerce, University of Peshawar, Pakistan Author
  • SYED HASSAN BUKHARI Virtual University of Pakistan Author
  • DR. MUHAMMAD MAHMOOD SHAH KHAN Assistant Professor, Department of Banking and Finance, Hasan Murad School of Management, University of Management and Technology, Lahore-Pakistan Author

Keywords:

institutional quality, information and communication technology, economicgrowth, financial inclusion

Abstract

The existing research makes an effort to check the impact of institutional quality, financial inclusion, and information communication technology on economic growth in eight Asian countries. The sample countries include Bangladesh, India, Indonesia, Iran, Jordan, Malaysia, Pakistan and Philippines.  Analysis is done through sysGMM panel estimator on the data from 2012 to 2022. The study has taken GDP per capita as dependent variable and institutional quality, financial inclusion, and information communication technology are used as independent variables. SysGMM results revealed that institutional quality, financial inclusion, and information communication technology are positively related with the economic growth of the selected eight Asian economies. Implication of this research is improvement and development in institutional quality, financial inclusion and information communication technology is of profound importance in economic growth.

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Published

2023-10-20

Issue

Vol. 12 No. 3 (2023)

Section

Articles