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Role of Financial Inclusion in Human Development: Evidence from Bangladesh, India and Pakistan

Author

Listed:
  • Emon Kalyan Chowdhury

    (Chittagong Independent University)

  • Rupam Chowdhury

    (University of Science and Technology Chittagong)

Abstract

This study measures the impact of financial inclusion on human development in Bangladesh, India, and Pakistan. Despite rapid economic progress, these three South Asian countries still lag in improving their state of inequality, poverty, and unemployment. Using panel data and applying the generalized method of moments (GMM), this study finds a positive impact of financial inclusion on human development, specifically on income level, life expectancy, and educational attainment. It is expected that the outcome-based recommendations of this study will help policymakers optimize the benefits of financial inclusion in accelerating human development in the three highly promising emerging South Asian countries.

Suggested Citation

  • Emon Kalyan Chowdhury & Rupam Chowdhury, 2024. "Role of Financial Inclusion in Human Development: Evidence from Bangladesh, India and Pakistan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3329-3354, March.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-023-01366-x
    DOI: 10.1007/s13132-023-01366-x
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