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Does Financial Inclusion Affect Poverty? An Analysis of Developing Countries

Author

Listed:
  • Vinay Kumar

    (Department of Liberal Arts, Indian Institute of Technology Bhilai, India)

Abstract

This study examines the poverty level of developing countries in terms of banking sector development and financial inclusion factors, using the panel data of 68 developing countries from diverse sources. This study used a fixed effects panel data regression. The results revealed a negative relationship between poverty level and banking-centered financial development including financial inclusion.

Suggested Citation

  • Vinay Kumar, 2024. "Does Financial Inclusion Affect Poverty? An Analysis of Developing Countries," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 4(3), pages 1-6.
    • Handle: RePEc:ayb:jrnael:108
    DOI: 2024/07/01
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    More about this item

    Keywords

    Financial inclusion; Poverty; Banking sector development; Economic growth;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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