• Dr Shumaila Meer Assistant Professor, DHA Suffa University


Consumption, Credit, Financial Crises, Money Supply, Saving, Wealth


This research investigates the interplay of financial sector development, saving mobilization, and poverty reduction efforts in the SAARC region. Utilizing strongly balanced panel data spanning from 1969 to 2020 from World Development Indicators, the study employs the Pooled Mean Group (PMG) estimation method to account for cross-sectional variations and distinguish between long-run equilibrium and short-run dynamics. The findings reveal a negative substitution effect of increased capital on broad money in the long run. Moreover, a decrease in interest rates is associated with significant growth in broad money, facilitating borrowers with affordable funds and enhancing their ability to fulfill financial obligations, both in the long and short run. The study also underscores the positive impact of the total population on the demand for money to sustain businesses in the long run. Furthermore, addressing creditworthiness concerns, the research suggests that insurance firms can play a pivotal role in mitigating credit risks for less creditworthy entrepreneurs by providing coverage for loans extended to private sectors. These insights contribute valuable perspectives on the intricate relationships between financial development, savings, and poverty alleviation in the SAARC region.


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How to Cite

Meer, S. (2023). ECONOMIC PROGRESS, SAVINGS PATTERNS, AND POVERTY IN SAARC NATIONS: EXPLORING THROUGH PANEL ARDL ANALYSIS. Journal of Research in Economics and Finance Management, 2(2), 1–20. Retrieved from