Artikel

Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis

Financial inclusion is a key element of social inclusion, particularly useful in combat-ing poverty and income inequality by opening blocked advancement opportunities for disadvantaged segments of the population. This study intends to investigate the impact of financial inclusion on reducing poverty and income inequality, and the determinants and conditional effects thereof in 116 developing countries. The analysis is carried out using an unbalanced annual panel data for the period of 2004-2016. For this purpose, we construct a novel index of financial inclusion using a broad set of financial sector outreach indicators, finding that per capita income, ratio of internet users, age dependency ratio, inflation, and income inequality significantly influence the level of financial inclusion in developing countries. Furthermore, the results provide robust evidence that financial inclusion significantly reduces poverty rates and income inequality in developing countries. The findings are in favor of further promoting access to and usage of formal financial services by marginalized segments of the popu-lation in order to maximize society's overall welfare.

Sprache
Englisch

Erschienen in
Journal: Journal of Economic Structures ; ISSN: 2193-2409 ; Volume: 9 ; Year: 2020 ; Issue: 37 ; Pages: 1-25 ; Heidelberg: Springer

Klassifikation
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Measurement and Analysis of Poverty
Macroeconomic Analyses of Economic Development
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Economywide Country Studies: Asia including Middle East
Economywide Country Studies: Latin America; Caribbean
Economywide Country Studies: Africa
Thema
Financial inclusion
Poverty
Income inequality
Developing countries

Ereignis
Geistige Schöpfung
(wer)
Omar, Md Abdullah
Inaba, Kazuo
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2020

DOI
doi:10.1186/s40008-020-00214-4
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Omar, Md Abdullah
  • Inaba, Kazuo
  • Springer

Entstanden

  • 2020

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