Does Financial Inclusion Affect Poverty? An Analysis of Developing Countries

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

Asian Economics Letters, 2024, vol. 4, issue 3, 1-6

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.

Keywords: Financial inclusion; Poverty; Banking sector development; Economic growth (search for similar items in EconPapers)
JEL-codes: G20 G21 G29 (search for similar items in EconPapers)
Date: 2024
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