Digital financial inclusion (DFI) can improve the economic growth: a study of India

IF 2.2 Q3 MANAGEMENT Journal of Facilities Management Pub Date : 2023-08-22 DOI:10.1108/jfm-01-2023-0011
Nenavath Sreenu
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Abstract

Purpose Can digital financial inclusion (DFI) as an emerging and innovative financial service encourage economic development? Design/methodology/approach Based on a Bayesian macroeconomic investigation framework, this research study presents the level of internet growth as a threshold variable and examines the influence of DFI on economic development based on state panel data from 2008 to 2021 in India. Findings The outcome of DFI on economic development through various mediation models. The results illustrate that DFI growth substantially contributes to economic development. Originality/value Encouraging small and medium-sized enterprise entrepreneurship and motivating populations’ utilization are two significant networks through which DFI progress affects economic growth.
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数字普惠金融(DFI)可以促进经济增长:一项对印度的研究
数字普惠金融(DFI)作为一种新兴的创新金融服务能否促进经济发展?本研究基于贝叶斯宏观经济调查框架,将互联网增长水平作为阈值变量,并基于印度2008年至2021年的邦面板数据,考察了DFI对经济发展的影响。发现DFI通过多种中介模型对经济发展的影响。结果表明,DFI的增长对经济发展作出了实质性的贡献。原创性/价值鼓励中小企业创业和激励人口利用是DFI进步影响经济增长的两个重要网络。
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来源期刊
CiteScore
4.30
自引率
15.80%
发文量
56
期刊介绍: Journal of Facilities Management is a strategic level journal for Heads of Facilities and Corporate Real Estate. Guided by its international and expert Editorial Board, Journal of Facilities Management publishes high-quality, authoritative, and detailed analysis, briefings and case studies on how facilities can and do play a vital part in helping deliver corporate strategy. This quarterly publication features contributions from leading practitioners and thinkers in the field of Facilities Management, from some of the leading companies, government institutions, and universities in the world. The journal features a combination of theoretical and practical articles, complemented by a wide range of case studies and regular features, identifying key implications for senior practitioners in Facilities Management.
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