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Financial Inclusion Leads to Export Market Penetration: A Panel Study on Asian and African Countries

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Abstract

The present chapter investigates the effect of financial inclusion on export market penetration for the panel of 31 developing Asian and African countries during the period of 2004–2015. This chapter also estimates the effect of other relevant macroeconomic factors like economic development, employment, inflation, and regulatory quality of institutions on export market penetration simultaneously. This chapter examines the effects of export market penetration and financial inclusion with other macroeconomic variables on economic growth. To estimate the export market penetration and economic growth models, the chapter employs Pooled Ordinary Least Square and Dynamic System Germanized Method of Moment Techniques. This chapter found that financial inclusion has a favorable effect on the export market penetration while economic growth is positively affected by export market penetration in the case of Asian and African countries.

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Author information

Authors and Affiliations

  1. Applied Economics Research Centre, University of Karachi, Karachi, Sindh, Pakistan

    Shaista Aam & Ayesha Khatoon

Authors
  1. Shaista Aam
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  2. Ayesha Khatoon
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Editor information

Editors and Affiliations

  1. School of Management and Economics, Beijing Institute of Technology, Beijing, China

    Muhammad Shahbaz

  2. Leeds Business School, Leeds Beckett University, Leeds, UK

    Alaa Soliman

  3. Nottingham University Business School, University of Nottingham, Nottingham, UK

    Subhan Ullah

Appendix

Appendix

Table 4 List of countries
Full size table
Table 5 Descriptive statistics
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Aam, S., Khatoon, A. (2021). Financial Inclusion Leads to Export Market Penetration: A Panel Study on Asian and African Countries. In: Shahbaz, M., Soliman, A., Ullah, S. (eds) Economic Growth and Financial Development. Springer, Cham. https://doi.org/10.1007/978-3-030-79003-5_4

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