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Driving sustainable development in South Asia: unleashing the power of microfinance and ICT

This study examines the impact of Information and Communication Technology (ICT) and Microfinance Institutions (MFIs) on sustainable development in South Asian countries. ICT can help reduce financial barriers and improve the efficient allocation of financial resources by enhancing information acces...

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Main Authors: Tang, Xiang Hua, Bani, Yasmin, Abdul Samad, Abdul Rahim, Ibrahim, Saifuzzaman
Format: Article
Published: Autonomous University of Madrid 2023
Online Access:http://psasir.upm.edu.my/id/eprint/107412/
https://cude.es/article-page/?id=377
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spelling my.upm.eprints.1074122024-10-15T05:53:14Z http://psasir.upm.edu.my/id/eprint/107412/ Driving sustainable development in South Asia: unleashing the power of microfinance and ICT Tang, Xiang Hua Bani, Yasmin Abdul Samad, Abdul Rahim Ibrahim, Saifuzzaman This study examines the impact of Information and Communication Technology (ICT) and Microfinance Institutions (MFIs) on sustainable development in South Asian countries. ICT can help reduce financial barriers and improve the efficient allocation of financial resources by enhancing information access for the poor. Additionally, MFIs provide sustainable economic opportunities for the impoverished, fostering inclusive growth and reducing poverty in the region. The aim of this paper is to analyze the threshold effects of ICT on MFIs and sustainable development using a threshold regression and system GMM. Furthermore, by introducing the interaction term between MFIs and ICT, this study offers a new perspective on analyzing the key factors influencing sustainable development. The empirical results indicate that there is indeed a non-linear relationship between MFIs and sustainable development, with ICT as the threshold variable. Moreover, the interaction between ICT and MFIs significantly promotes the level of sustainable development in South Asia. The empirical findings underscore the importance of further leveraging the advantages of microfinance and ICT to effectively drive high-quality socio-economic development in the South Asian region. Therefore, it is recommended that relevant policies be implemented in South Asia to support and encourage the widespread adoption of ICT and microfinance in impoverished areas, thus aiding in the improvement of living standards and environmental conditions for the poor. Autonomous University of Madrid 2023-01 Article PeerReviewed Tang, Xiang Hua and Bani, Yasmin and Abdul Samad, Abdul Rahim and Ibrahim, Saifuzzaman (2023) Driving sustainable development in South Asia: unleashing the power of microfinance and ICT. Cuadernos de Economía, 46 (130). pp. 135-145. ISSN 0210-0266 https://cude.es/article-page/?id=377
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description This study examines the impact of Information and Communication Technology (ICT) and Microfinance Institutions (MFIs) on sustainable development in South Asian countries. ICT can help reduce financial barriers and improve the efficient allocation of financial resources by enhancing information access for the poor. Additionally, MFIs provide sustainable economic opportunities for the impoverished, fostering inclusive growth and reducing poverty in the region. The aim of this paper is to analyze the threshold effects of ICT on MFIs and sustainable development using a threshold regression and system GMM. Furthermore, by introducing the interaction term between MFIs and ICT, this study offers a new perspective on analyzing the key factors influencing sustainable development. The empirical results indicate that there is indeed a non-linear relationship between MFIs and sustainable development, with ICT as the threshold variable. Moreover, the interaction between ICT and MFIs significantly promotes the level of sustainable development in South Asia. The empirical findings underscore the importance of further leveraging the advantages of microfinance and ICT to effectively drive high-quality socio-economic development in the South Asian region. Therefore, it is recommended that relevant policies be implemented in South Asia to support and encourage the widespread adoption of ICT and microfinance in impoverished areas, thus aiding in the improvement of living standards and environmental conditions for the poor.
format Article
author Tang, Xiang Hua
Bani, Yasmin
Abdul Samad, Abdul Rahim
Ibrahim, Saifuzzaman
spellingShingle Tang, Xiang Hua
Bani, Yasmin
Abdul Samad, Abdul Rahim
Ibrahim, Saifuzzaman
Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
author_facet Tang, Xiang Hua
Bani, Yasmin
Abdul Samad, Abdul Rahim
Ibrahim, Saifuzzaman
author_sort Tang, Xiang Hua
title Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
title_short Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
title_full Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
title_fullStr Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
title_full_unstemmed Driving sustainable development in South Asia: unleashing the power of microfinance and ICT
title_sort driving sustainable development in south asia: unleashing the power of microfinance and ict
publisher Autonomous University of Madrid
publishDate 2023
url http://psasir.upm.edu.my/id/eprint/107412/
https://cude.es/article-page/?id=377
_version_ 1814054631204978688
score 13.244368

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