Sustainable economic development in India : the dynamics between financial inclusion, ICT development, and economic growth
| dc.contributor.author | Pradhan, Rudra P. | |
| dc.contributor.author | Arvin, Mak B. | |
| dc.contributor.author | Nair, Mahendhiran S. | |
| dc.contributor.author | Hall, J.H. (John Henry) | |
| dc.contributor.author | Bennett, Sara E. | |
| dc.contributor.email | john.hall@up.ac.za | en_US |
| dc.date.accessioned | 2022-11-03T08:41:40Z | |
| dc.date.issued | 2021-08 | |
| dc.description.abstract | The roles played by the financial sector and of information and communication technology (ICT) in economic growth are well established in the literature. With increasing development and the convergence between the financial and ICT platforms, digital financial systems emerged which have opened new opportunities to close the wealth gaps between the “haves” and “have-nots” in the developing world. In this paper, we examine the short-run and long-run dynamics between economic growth, financial inclusion initiatives, and ICT infrastructure development in 20 Indian states over the period from 1991 to 2018. Using the Granger-causality technique, we show evidence of strong temporal causality between these variables in the short and long term. Our empirical results demonstrate that careful co-curation of ICT infrastructure development, financial inclusion initiatives, and economic growth strategies is essential for these Indian states to achieve sustainable economic development. | en_US |
| dc.description.department | Financial Management | en_US |
| dc.description.embargo | 2023-04-28 | |
| dc.description.librarian | hj2022 | en_US |
| dc.description.uri | https://www.elsevier.com/locate/techfore | en_US |
| dc.identifier.citation | Pradhan, R.P., Arvin, M.B., Nair, M.S. et al. 2021, 'Sustainable economic development in India: The dynamics between financial inclusion, ICT development, and economic growth', Technological Forecasting and Social Change, vol. 169, art. 120758, pp. 1-19, doi : 10.1016/j.techfore.2021.120758. | en_US |
| dc.identifier.issn | 0040-1625 (print) | |
| dc.identifier.issn | 1873-5509 (online) | |
| dc.identifier.other | 10.1016/j.techfore.2021.120758 | |
| dc.identifier.uri | https://repository.up.ac.za/handle/2263/88122 | |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.rights | © 2021 Elsevier Inc. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Technological Forecasting and Social Change. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Technological Forecasting and Social Change, vol. 169, art. 120758, pp. 1-19, 2021. doi : 10.1016/j.techfore.2021.120758. | en_US |
| dc.subject | Economic growth | en_US |
| dc.subject | Financial inclusion | en_US |
| dc.subject | ICT infrastructure | en_US |
| dc.subject | Information and communication technology (ICT) | en_US |
| dc.subject | India | en_US |
| dc.title | Sustainable economic development in India : the dynamics between financial inclusion, ICT development, and economic growth | en_US |
| dc.type | Postprint Article | en_US |