IMPACT OF INSTITUTIONAL QUALITY, FINANCIAL INCLUSION, AND INFORMATION COMMUNICATION TECHNOLOGY ON ECONOMIC GROWTH: EVIDENCE FROM SELECTED ASIAN COUNTRIES
DOI:
https://doi.org/10.61506/Keywords:
institutional quality, information and communication technology, economicgrowth, financial inclusionAbstract
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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