Impact Of Financial Inclusion Towards Poverty In Indonesia

Abstract

ABSTRACT.Financial inclusion becomes a new phenomenon in the global financial system, including in Indonesia. Financial inclusion is often associated with poverty. Developing countries tried to pursue economic growth as one of the main indicators of their development. However, in reality, many developing countries have high economic growth but produce high poverty rates as well. This study tries to look at the relationship between financial inclusion and poverty, as well as to measure inequality as measured by Gini coefficients. This research found that financial inclusion can affect overall economic growth thereby reducing poverty, but can increase inequality.

Financial Technology and Its Impact on Poverty in India

“…As a result, the current study considers the poor beneficiaries who require financial technology. Existing research examines the influence of financial technology on poverty [6], [9], [49]. Investigating digital innovation related to the growth of credit cooperatives researches the financial technology platform in collaboration with the banking industry.…”

“…It has evolved into one of the world's most costly technical labor nations, with a large pool of skilled employees such as staff and managers. FI and FT link with poverty and economic development, FI has effect on economic development and it can reduce poverty [6], [20], [35], [64]. FI and FT are both concerned with the provision of low-cost financial services to disadvantaged and low-income individuals.…”

“…For emerging nations to achieve greater financial inclusion, government investment and regulation of the mobile money business will be required [31],38]. Inclusionary financing has an excellent and enormous influence on investment and growth and a negative and significant impact on poverty but does not affect economic growth [6].…”

“…Financial inclusion has the ability to boost overall economic growth and hence alleviate poverty, but it also has the potential to increase inequality. Financial inclusion has a significant detrimental influence on poverty [6]. This is best accomplished by expanding the number of consumers in the financial system to foster financial inclusion, stimulate the economy, and decrease poverty in the country [1].…”

The confidence interval analysis for stocks with “Unusual Market Activity”

“…Furthermore, Anas andNugroho (2017), andKurniawan (2017) explain that UMA tends to be associated with the short-term goals of investors to obtain abnormal returns. The finding of Permatasari and Tambun (2021) implies that UMA tends to be caused by potential information asymmetries from insiders to outsiders that might occur in the future.…”