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Title The Impact of Financial Inclusion and Economic Growth on the Levels of Poverty: A Study of Asian Countries

Author(s) Maria Siddiqui

Abstract This research investigates the ways in which economic growth and financial inclusion influence the levels of poverty in Asian countries, emphasizing the impact of increased access to financial services on poverty reduction. The model used for this research features poverty as the dependent variable, with the inclusion of financial services and economic growth functioning as independent variables. Trade openness and foreign direct investment (FDI) are treated as control variables. This research work explores the relationship between certain characteristics and whether they correlate positively or negatively. The econometric tools of descriptive statistics, correlation analysis, unit root testing, and multicollinearity diagnostics were used to analyze the panel data. The data pertains to 13 Asian countries and spans from 2004 to 2023. In broad strokes, the findings of this study suggest that improved access to financial services does lead to reduced poverty as well as help in attaining economic growth, and it is also helpful in improving people's living standards. The study's results point to the urgent necessity of policies that promote financial inclusion if we are to achieve the Sustainable Development Goals (SDGs). The government also gives awareness regarding the use of financial inclusion as well as online banking apps. Asian governments could take a leaf from this study's book. They could use financial inclusion as a transformational tool—a bit like a magic wand—to sweep away poverty, by removing structural roadblocks that myopically keep low-income people from accessing financial services they need and leveraging FinTech to serve the low-income market profitably. Keywords: Financial Inclusion, Movement toward Economic Growth, Global Poverty, Trade Openness, Foreign Direct Investment (FDI), and Access to Financial Services

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences Rawalpindi Campus

Language English

Publication Date 2025-08-01

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