Munich Personal RePEc Archive

Role of Micro finance Institutions In Promoting Financial Inclusion and Economic Growth

Naseer, Imran and Azam, Amir (2019): Role of Micro finance Institutions In Promoting Financial Inclusion and Economic Growth.

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Abstract

Many of the developing and advanced economies are focusing on the improvement of Microfinance Institute Performance because most of the studies and empirical results support the existence of significant positive relationship between Microfinance Institute Performance and Index of Financial Inclusion and both have significant positive impact on Economic Growth and its one of the basic goal and objective of the economies to attain sustainable economic growth. Through the current study it is being tried to find the relationship between microfinance institute performance, financial inclusion and economic growth in South Asian economies using Panel data from 2009-2017 using Common Random Effect, Random and Fixed effect Model. The findings show that there is strong positive relationship between Micro finance Institute Performance, Financial Inclusion and Economic Growth. Therefore the developing economies specially Pakistan whose most of economic indicators are showing declining position can sustain their economic growth through proper utilization of Micro finance Institution Performance.

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