PENGARUH DIMENSI INKLUSI KEUANGAN DAN FINTECH TERHADAP PERTUMBUHAN EKONOMI NEGARA BERKEMBANG DI ASIA DENGAN INDEKS INKLUSI KEUANGAN TINGGI
DOI:
https://doi.org/10.32815/jibeka.v17i1.1161Keywords:
Financial Inclusion, Financial Technology, Economic GrowthAbstract
This study aims to determine the effect of access dimensions, availability dimensions, usage dimensions as indicators of financial inclusion and fintech on economic growth in Indonesia, India, Thailand, the Philippines and Cambodia which are developing countries in Asia with a high level of financial inclusion. The data used is a combined panel data between the crosssection data of the five countries and the time series in the 2015-2019 time period. By using the Fixed Effect Model (FEM) method, this study shows that the availability dimension with the number of commercial bank branch offices has a significant effect in a negative direction and the usage dimension with loans disbursed by commercial banks has a significant positive effect on economic growth. While the access dimension with indicators of ownership of commercial bank savings accounts and payment fintech has no significant effect on economic growth.
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Ribaj, A., & Mexhuani, F. (2021). The impact of savings on economic growth in a developing country (the case of Kosovo). Journal of Innovation and Entrepreneurship, 10(1), 1–13. https://doi.org/10.1186/s13731-020-00140-6
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Sarma, M. (2008). Index of Financial Inclusion. 215, 467–478. https://doi.org/10.1007/978-81-322-1650-6_28
Sethi, D., & Acharya, D. (2018). Financial inclusion and economic growth linkage: some cross country evidence. Journal of Financial Economic Policy, 10(3), 369–385. https://doi.org/10.1108/JFEP-11-2016-0073
Sharma, D. (2016). Nexus between financial inclusion and economic growth: Evidence from the emerging Indian economy. Journal of Financial Economic Policy, 8(1), 13–36. https://doi.org/10.1108/JFEP-01-2015-0004
Suidarma, M. (2019). The nexus between financial inclusion, trade and economic growth in Africa? Journal of Economy Policy, 12(3), 266–275. https://doi.org/10.1080/19186444.2020.1742065
Takbiri, O., Mohammadi, M., & Naderi, B. (2015). The efficiency of bank branches. Management Science Letters, 5, 1111–1116. https://doi.org/10.5267/j.msl.2015.10.003
Van Oordt, M. (2019). A Summary of Introductory Econometrics By Wooldridge. SSRN Electronic Journal, January 2015. https://doi.org/10.2139/ssrn.3401712
Ashraf, N., Karlan, D., & Yin, W. (2006). Tying odysseus to the mast: Evidence from a commitment savings product in the Philippines. Quarterly Journal of Economics, 121(2), 635–672. https://doi.org/10.1162/qjec.2006.121.2.635
Asmild, M., Bogetoft, P., & Hougaard, J. L. (2008). Rationalising Inefficiency : A Study of Canadian Bank Branches. Business, June 2014, 1–25.
Bernini, C., & Brighi, P. (2018). Bank branches expansion, efficiency and local economic growth. Regional Studies, 52(10), 1332–1345. https://doi.org/10.1080/00343404.2017.1380304
Bigirimana, M., & Hongyi, X. (2018). Research on Relationship between Financial Inclusion and Economic Growth of Rwanda: Evidence from Commercial Banks with ARDL Approach. INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT, 4(1), 7–18. https://doi.org/10.18775/ijied.1849-7551-7020.2015.41.2001
BPS. (2020). Badan Pusat Statistik. PDB Indonesia Triwulanan 2016-2020. 98. www.freepik.com
Černohorský, J. (2017). Druhy bankovních úvěrů a jejich vliv na vývoj ekonomiky: Případová studie České republiky. E a M: Ekonomie a Management, 20(4), 34–48. https://doi.org/10.15240/tul/001/2017-4-003
Deng, X., Huang, Z., & Cheng, X. (2019). FinTech and sustainable development: Evidence from China based on P2P data. Sustainability (Switzerland), 11(22). https://doi.org/10.3390/su11226434
Elaine, K., Adele, A., & Odile, P. (2004). Policy level response to financial exclusion in developed economies : lessons for developing countries. Personal Finance, September.
Febriaty, H., Rahayu, S. E., Nasution, E. Y., Ekonomi, F., Bisnis, D., Muhammadiyah, U., & Utara, S. (2020). Pengaruh Inklusi Keuangan Pada Era Digital Economi. September 2018, 223–234.
Gregory, M. (2010). Macroeconomics (Edisi Ketu). Erlangga.
Gujarati. (2006). Gujarati: Basic Econometrics, Fourth Edition. In Science (Vol. 328, Issue 5984).
Harahap, B. A., Idham, P. B., Kusuma, A. C. M., & Rakhman, R. N. (2017). Perkembangan Financial Technology Terkait Central Bank Digital Currency (CBDC) Terhadap Transmisi Kebijakan Moneter Dan Makroekonomi. Bank Indonesia, 2, 1–80.
IMF. (2021). REAL GDP GROWTH. https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD
INDEF, & Indoensia, A. F. (2019). Studi Dampak Fintech P2P Lending terhadap Perekonomian Nasional. Institute for Development of Economics and Finance, 1–13. https://indef.or.id/update/detail/studi-dampak-fintech-peer-to-peer-lending-terhadap-perekonomian-nasional
Iqbal, B. A., & Sami, S. (2017). Role of banks in financial inclusion in India. Contaduria y Administracion, 62(2), 644–656. https://doi.org/10.1016/j.cya.2017.01.007
Khiewngamdee, C., & Yan, H. D. (2019). The role of Fintech e-payment on APEC economic development. Journal of Physics: Conference Series, 1324(1). https://doi.org/10.1088/1742-6596/1324/1/012099
nguyenNarayan, S. W. (2020). Does fintech matter for Indonesia’s economic growth? Buletin Ekonomi Moneter Dan Perbankan, 22(4), 437–456. https://doi.org/10.21098/bemp.v22i4.1237
Nguyen, T. T. H. (2021). Measuring financial inclusion: a composite FI index for the developing countries. Journal of Economics and Development, 23(1), 77–99. https://doi.org/10.1108/jed-03-2020-0027
Ratnawati, K. (2020). The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia. The Journal of Asian Finance, Economics and Business, 7(10), 73–85. https://doi.org/10.13106/jafeb.2020.vol7.no10.073
Ribaj, A., & Mexhuani, F. (2021). The impact of savings on economic growth in a developing country (the case of Kosovo). Journal of Innovation and Entrepreneurship, 10(1), 1–13. https://doi.org/10.1186/s13731-020-00140-6
Rosadi, D. (2011). Analisis ekonometrika & runtun waktu terapan dengan Eviews. Yogyakarta: ANDI.
Sadigov, S., Vasilyeva, T., & Rubanov, P. (2020). Fintech in Economic Growth: Cross-Country Analysis. 55 Th International Scientific Conference on Economic and Social Development-Baku, 729–739. https://search.proquest.com/docview/2422421137/fulltextPDF/AE88C92E7B914B42PQ/1?accountid=12834
Sarma, M. (2008). Index of Financial Inclusion. 215, 467–478. https://doi.org/10.1007/978-81-322-1650-6_28
Sethi, D., & Acharya, D. (2018). Financial inclusion and economic growth linkage: some cross country evidence. Journal of Financial Economic Policy, 10(3), 369–385. https://doi.org/10.1108/JFEP-11-2016-0073
Sharma, D. (2016). Nexus between financial inclusion and economic growth: Evidence from the emerging Indian economy. Journal of Financial Economic Policy, 8(1), 13–36. https://doi.org/10.1108/JFEP-01-2015-0004
Suidarma, M. (2019). The nexus between financial inclusion, trade and economic growth in Africa? Journal of Economy Policy, 12(3), 266–275. https://doi.org/10.1080/19186444.2020.1742065
Takbiri, O., Mohammadi, M., & Naderi, B. (2015). The efficiency of bank branches. Management Science Letters, 5, 1111–1116. https://doi.org/10.5267/j.msl.2015.10.003
Van Oordt, M. (2019). A Summary of Introductory Econometrics By Wooldridge. SSRN Electronic Journal, January 2015. https://doi.org/10.2139/ssrn.3401712
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Published
01-02-2023
How to Cite
Saraswati, B. D. (2023). PENGARUH DIMENSI INKLUSI KEUANGAN DAN FINTECH TERHADAP PERTUMBUHAN EKONOMI NEGARA BERKEMBANG DI ASIA DENGAN INDEKS INKLUSI KEUANGAN TINGGI. Jurnal Ilmiah Bisnis Dan Ekonomi Asia, 17(1), 62–74. https://doi.org/10.32815/jibeka.v17i1.1161
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