Tác động của tài chính số tới tăng trưởng kinh tế tại các nền kinh tế mới nổi khu vực Châu Á: Vai trò điều tiết của tài chính toàn diện

Abstract

The paper assesses the impact of digital finance and financial inclusion on economic growth of emerging economies in Asia. The study utilizes panel empirical approaches on a sample of macroecnomic indicators across 11 countries over the time frame from 2010 to 2022. The research findings add more value to the research field of digital finance and financial inclusion by providing significant empirical evidence on the positive impact of digital finance and financial inclusion on the economic growth. Besides, another novel contribution of this paper lies on the successful discovery of the moderation of financial inclusion in the nexus between digital finance and economic growth. Correspondingly, in countries with relatively higher financial inclusion levels, the impact of digital finance on economic growth will be inflated and more effective. This suggests that emerging countries should place the focus in finding solutions and measures to improve financial inclusion aiming at leveraging the contribution of digital finance to the national economic development.