Impact of Microfinance Banking on Economic/Sectoral Growth of Pakistan
Keywords:
Micro finance, sect oral growth, Agriculture sector, GDP, Service sector, researchAbstract
This study is to gauge the impact of microfinance banking on Economic/Sectoral growth in Pakistan. Highlighting and emphasizing on the principal role of microfinance banking in Pakistan like as growth rate of agricultural sector, manufacturing sector, services sector, GDP plus employment rate. Microfinance banks in Pakistan are working in specialized areas such as agricultural, manufacturing, trading and service to strengthen the employment and standard of living as well as GDP. The Granger Causality Test was applied on the time series data in EViews to investigate the data and the results indicate that microfinance banks are not performing up to the mark and government needs to pay more attention to microfinance sector if needs to eradicate the poverty and generate employment. The null hypothesis was accepted and microfinance banks showing no effects on the sectoral growth of Pakistan.
https://doi.org/10.5281/zenodo.10296325
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