- Title
- The impact of financial inclusion and institutional quality on economic growth in the BRICS and MINT countries
- Creator
- Matiso, Sibahle
- Subject
- BRIC countries
- Subject
- BRIC countries -- Foreign economic relations.
- Subject
- Economic development -- Developing countries
- Date Issued
- 2021-04
- Date
- 2021-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/51873
- Identifier
- vital:43380
- Description
- The purpose of this study was to assess the relationship between Financial Inclusion, institutional quality, and economic growth in the Brics and Mint emerging economies. Taking six different indicators of financial availability, accessibility and usability, this paper constructed a single financial inclusion index using an approach developed by Sarma (2008). Similarly, taking six governance indicators and five economic freedom indicators we constructed a single Institutional quality index using the Principal Component Analysis (PCA) method. Thus, using data that spans from 2004 to 2018 we tested the relationship between these two indexes and Economic growth using the Pooled Mean Group (PMG) econometric model. The empirical results showed that there is indeed a positive and significant simultaneous effect of financial Inclusion and Institutional quality on Economic growth in the Brics and Mint emerging economies. This positive relationship between these variables suggests that government agents and policymakers in the Brics and Mint countries need to come up with strategies that will help build efficient state institutions and enhance financial inclusion as these are suitable instruments for the promotion of sustainable future growth and the upliftment of the welfare of their citizens.
- Description
- Thesis (MCom) -- Faculty of Business and Economic Sciences, Economics, 2021
- Format
- computer
- Format
- online resource
- Format
- Format
- 1 online resource (124 pages)
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Matiso, S.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |