Financial Inclusion and Income Inequality: Does Financial Structure Matter?

Sari, Indana Zulfa; Falianty, Telisa Aulia

doi:10.29244/jekp.10.1.2021.72-100

Cited by 3 publications

(1 citation statement)

References 20 publications

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“…Hal tersebut * Corresponding Author mengindikasikan bahwa ketimpangan masih menjadi perhatian dan masalah besar yang dihadapi oleh negara berkembang. Ketimpangan pendapatan adalah faktor potensial inefisiensi ekonomi dan pemicu banyak masalah sosial seperti penyuapan dan kronisme karena kekuasaan yang terlalu tinggi dipegang oleh bagian terkaya dari populasi di suatu negara (Sari & Falianty, 2021).…”

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Pengaruh Teknologi Finansial dan Inklusi Keuangan Terhadap Ketimpangan Pendapatan di Negara ASEAN-6

Pratama,

Titik

2024

eJEBA

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This study aims to analyze the long-term and short-term effects of financial technology and financial inclusion on income inequality in ASEAN-6 countries, namely Indonesia, Malaysia, Singapore, Thailand, Philippines and Vietnam, for the period between 2011 and 2022. Indicators used in This research is income inequality using the Gini coefficient, financial inclusion using financial inclusion indicators based on the Sarma model and data on e-money usage as an indicator of financial technology. The data analysis technique used is Panel Auto Regressive Distributed Lag (ARDL). The results of this study found that in the long term the financial technology variable has a significant negative effect, while in the short term it has no significant effect on income inequality in ASEAN-6, and the financial inclusion variable in the long term has a significant positive effect, whereas in the short term it has no significant effect on income inequality in ASEAN-6.

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Section: Pendahuluanunclassified

Pengaruh Teknologi Finansial dan Inklusi Keuangan Terhadap Ketimpangan Pendapatan di Negara ASEAN-6

Pratama,

Titik

2024

eJEBA

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The Potency of Financial Inclusion for Income Inequality Reduction in BRICS Economies: Does Institutional Quality Matter?

Onatunji

2024

Global Journal of Emerging Market Economies

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While the global economy has witnessed robust economic performance over the past few years, millions of households remain financially deprived. This indicates that universal access to financial services is critical for the global community to achieve the United Nations’ sustainable development goals (SDGs). Although there is a burgeoning body of literature on the nexus between financial inclusion and income inequality, empirical evidence on the contribution of financial inclusion and institutional quality to income inequality remains sparse. This research, therefore, examines the effect of financial inclusion and institutional quality on income inequality in Brazil, Russia, India, China, and South Africa (BRICS) economies from 2004 to 2015. The empirical analysis employed the cross-sectional autoregressive distributed lag (CS-ARDL) and common correlated effects mean group (CCEMG) techniques to obviate cross-sectional dependency and heterogeneity concerns. The empirical outcome demonstrates that financial inclusion promotes income inequality reduction in BRICS economies in the long and short run. Additionally, improvements in institutional quality further enhance the accessibility and usage of financial services by financially excluded individuals, thereby fostering equitable income distribution in the BRICS countries. Based on these findings, BRICS economies need to increase their awareness of the available financial services, effective microfinance, financial capability, and infrastructural access in rural areas to improve financial inclusivity and thus promote equitable income distribution. JEL Classification D02, D33, E02, G21, O15

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Relationship Between Financial Inclusion and Income Inequality

Bayraktar,

Isik,

Ozyilmaz

2024

The Role of Financial Inclusion for Reaching Sustainable Development Goals

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In this study, the effect of financial inclusion on income inequality was investigated for 13 countries from 2012 to 2019. First, financial inclusion indicators were divided into two categories, and a financial inclusion index was created by weighing each indicator. The effect of the created financial inclusion index on income distribution was investigated using the gradient boosting method, and the performance of this model was evaluated. According to the gradient boosting regression model findings, the financial inclusion index, GDP per capita, inflation, and corruption increase income inequality. When these variables are ranked in order of importance, the most powerful variable on income inequality is GDP per capita, followed by the financial inclusion index.

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Financial Inclusion and Income Inequality: Does Financial Structure Matter?

Cited by 3 publications

References 20 publications

Pengaruh Teknologi Finansial dan Inklusi Keuangan Terhadap Ketimpangan Pendapatan di Negara ASEAN-6

Pengaruh Teknologi Finansial dan Inklusi Keuangan Terhadap Ketimpangan Pendapatan di Negara ASEAN-6

The Potency of Financial Inclusion for Income Inequality Reduction in BRICS Economies: Does Institutional Quality Matter?

Relationship Between Financial Inclusion and Income Inequality

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