Role of Finnacial Inclusion, Institutional Quality and Human Capital in Economic Growth: An Empirical Analysis from Selected Asian Countries

Abstract

This research highlights the role of finnacila inclusion, institutional quality, industrialization and human capital in selected Asian economies. By using a panel data from theses Asian economies, we have taken GDP per capita as the dependent variable and, financial inclusion, institutional quality and human capital  were usedas independent factors in this analysis. In this study, GMM results showed that financial inclusion, institutional quality, industrialization and human capital  were the major factors which enhanced economic growth in these certain Asian states. The study results recommended for increased financial access and financial services for high targeted growth in the concerned economies. Governmet must emphasize on the improved quality of institutions for stable high economic growth. Finally, there should be much investment and production to achieve growth and development in these economies.