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Does financial inclusion catalyze trade

Author

Listed:
  • Syeda Zuimah Wasim

    (Applied Economics Research Centre (AERC), University of Karachi, Karachi, Pakistan)

  • Khurram Iftikhar

    (Applied Economics Research Centre (AERC), University of Karachi, Karachi, Pakistan)

  • Syed Zia Abbas Rizvi

    (Applied Economics Research Centre (AERC), University of Karachi, Karachi, Pakistan)

Abstract

This study scrutinizes the effect of financial inclusion (FI) on trade by employing the Newey West standard approach, Feasible Generalized Least Square (FGLS), Pooled Ordinary Least Square (POLS) regression, Fixed Effect Model (FEM) and Random Effect Model (REM) on 24 developing economies from 2004 to 2020. Results found strong, significant and positive association linking FI and trade. Policy recommendations are developing countries should take serious measures to deepen FI which will boost the effect on trade. Furthermore, these economies should expand trade in new markets and use formal financial institutions as channels for carrying out trade transactions.

Suggested Citation

  • Syeda Zuimah Wasim & Khurram Iftikhar & Syed Zia Abbas Rizvi, 2025. "Does financial inclusion catalyze trade," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-17, June.
    • Handle: RePEc:wsi:ijfexx:v:12:y:2025:i:02:n:s2424786323500093
    DOI: 10.1142/S2424786323500093
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    Keywords

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    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F1 - International Economics - - Trade
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

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