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The Impact of Digital Financial Inclusion on Sustainable Economic Growth: An Empirical Analysis of Emerging Economies

Authors: Pramod kumar arya

Published: 2025-05-02 00:32:58.218

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Abstract

This paper investigates the impact of digital financial inclusion (DFI) on sustainable economic growth in emerging economies. Utilizing a panel dataset spanning from 2010 to 2023, we employ the System Generalized Method of Moments (GMM) estimation technique to address potential endogeneity concerns. Our findings reveal a significant positive relationship between DFI, measured through mobile money penetration and internet banking usage, and sustainable economic growth, proxied by GDP per capita growth and environmental performance indicators. The results suggest that DFI facilitates greater access to financial services, promotes entrepreneurship, enhances resource allocation efficiency, and fosters environmentally sustainable practices. This study contributes to the growing body of literature on the role of fintech in promoting inclusive and sustainable development, providing valuable insights for policymakers in emerging economies seeking to leverage digital technologies for economic advancement and environmental protection.

Keywords

Digital Financial Inclusion, Sustainable Economic Growth, Emerging Economies, Fintech, Financial Development, Panel Data Analysis, Technology Adoption, GMM Estimation, Poverty Reduction

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How to Cite

Pramod kumar arya , (2025-05-02 00:32:58.218). The Impact of Digital Financial Inclusion on Sustainable Economic Growth: An Empirical Analysis of Emerging Economies. JANOLI International Journal of Economics and Management Science , Volume MejgkunYNoDF1a6qqjpe, Issue 2.

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