The Financial Inclusion and Its Impact on Society Welfare in Indonesia

Hidayat, Paidi; Sari, Raina Linda; Gurning, Herfita Rizki Hasanah

doi:10.5220/0009314105310536

Cited by 1 publication

(2 citation statements)

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“…Ofori-Abebrese et al (2020) found that for Sub-Saharan African (SSA) countries, financial inclusion led to an improvement in education of individuals who are included which translates into higher income and thus an improvement in their welfare. Similarly, Hidayat et al (2021) for Indonesia and Gupta et al (2014) for India found that financial inclusion does lead to an improvement in the HDI.…”

Section: Literature Reviewmentioning

confidence: 88%

“…Chakrabarty and Mukherjee (2021) used the Theil’s entropy-based index to disaggregate household consumption expenditure into food and non-food items, finding that financial inclusion does not only lead to positive changes in these items, but it also creates a shift from food items to non-food items across households. In the literature, some studies such as Ofori-Abebrese et al (2020), Hidayat et al (2021), and Gupta et al (2014) used the human development index (HDI) as a measure of welfare. Ofori-Abebrese et al (2020) found that for Sub-Saharan African (SSA) countries, financial inclusion led to an improvement in education of individuals who are included which translates into higher income and thus an improvement in their welfare.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Welfare Effects of Formal and Informal Financial Access in the Gambia: A Comparative Assessment

Manja

Badjie²

2022

Sage Open

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The aim of this study was to comparatively assess the impact of formal and informal finance on household welfare in the Gambia. The Gambia 2015 to 2016 Integrated Household Survey (IHS3) data was analyzed using Stata software version 17.0 to assess the impact of access to the various forms of finance on household food and non-food consumption expenditures, education expenditure, total income, and a subjective assessment of welfare. The study found that access to either formal or informal finance has some deleterious impacts on welfare, with the negative impacts from formal finance being generally lesser than those from informal finance, signaling that the different forms of finance have near-varying repercussions on household welfare. Access to and conditions of formal finance should be improved by removing or making less stringent the requirements, most of which are hard for households to meet.

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Section: Literature Reviewmentioning

confidence: 88%