Abdullah Omar|Kazuo Inaba
Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis
Bangladesh Bank|Ritsumeikan University
abstract financial inclusion key element social inclusion particularly useful combating poverty income inequality opening blocked advancement opportunities disadvantaged segments population study intends investigate impact financial inclusion reducing poverty income inequality determinants conditional effects thereof 116 developing countries analysis carried using unbalanced annual panel data period 20042016 purpose construct novel index financial inclusion using broad set financial sector outreach indicators finding per capita income ratio internet users age dependency ratio inflation income inequality significantly influence level financial inclusion developing countries furthermore results provide robust evidence financial inclusion significantly reduces poverty rates income inequality developing countries findings favor promoting access usage formal financial services marginalized segments population order maximize societys overall welfare