Financial Inclusion Fosters Growth: Simple Multiplier and “AK” Growth Model Analysis
Open accessAbstract
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
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Financial inclusion creates more output in the case of supply-leading than demand-following hypotheses.
“Ganti and Acharya (2017) identified that financial inclusion creates more output in the case of supply-leading than demand-following hypotheses.”
From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Ganti and Acharya (2017)
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Cites
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Research works printed but not linked: 5
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Financial inclusion and economic growth linkage: Some cross country evidence
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Causality between Financial Inclusion, Financial Stability and Economic Growth in Sub-Saharan Africa
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- Authors
- Ganti, S., & Acharya, D.
- Affiliations
- University of Hyderabad (IN)
- ORCID
- Acharya, Debashis
- Venue
- Universal Journal of Accounting and Finance
- Published
- 2017-09
- Volume
- 5
- Issue
- 3
- Pages
- 55-59
- ISSN
- 2331-9712 (ISSN-L)
- 2331-9720
- OpenAlex
- W2752831253
- Cited by
- 22
- References
- 7
- Citations by year
- 2025: 4 · 2024: 2 · 2023: 6 · 2022: 2 · 2021: 4 · 2020: 2 · 2019: 1 · 2018: 1
- FWCI
- 1.97
- Type
- journal article
- Language
- en
- Open access
- diamond
- doi.org
- Licence
- cc-by
- Locations
- Universal Journal of Accounting and Finance (publishedVersion, cc-by)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
- Keywords
- financial inclusion, economic growth, multiplier model, AK growth model, output growth
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