Ichraf Ouechtati
The Contribution of Financial Inclusion in Reducing Poverty and Income Inequality in Developing Countries
University of Jendouba
study employed three different dynamic panel data estimators empirically examine effect financial inclusion poverty income inequality sample 53 developing countries 2004 2017 findings revealed negative relationship financial inclusion poverty within availability credit access deposit accounts commercial banks tend significantly alleviate poverty results support idea financial access well financial development contribute reducing poverty increasing money supply credit improving welfare poor furthermore concluded high bank penetration rate credit facilitate access financial services poor reduce income inequality result corroborated biascorrected fixed effects estimator significance levels 5 1 respectively proxy variables financial inclusion exert significant effects could explained weak financial institutional structures plus need incorporate elements financial inclusion stronger framework would exert effective impact poverty income inequality