Effect of Financial Inclusion and Stability on Equality, Poverty, and Human Development: An Empirical Analysis in the Context of South Asia

Authors

Souvik Banerjee, Management Development Institute Murshidabad, IndiaFollow

JEL Classification System

O11, O15, O16, G00

Abstract

In this research endeavor, financial inclusion and its impact on three important aspects of human life (i.e., inequality, poverty, and human development) are explored in the south Asian region. Worldwide inequality is catching much attention from the academic community off late. Similarly, the extent of poverty and human development indicators of any country indicates the level of development. The penetration of the bank branch and automated teller machine (ATM) is considered as a proxy for financial inclusion. Long time-series data from 2004 to 2016 is considered for this study. This should be an important addition to the existing literature on these topics. System Generalized method of moments (GMM) is used for the analysis to mitigate the presence of endogeneity, heteroscedasticity as well as serial correlation in the dataset.

Recommended Citation

Banerjee, Souvik (2020) "Effect of Financial Inclusion and Stability on Equality, Poverty, and Human Development: An Empirical Analysis in the Context of South Asia," DLSU Business & Economics Review: Vol. 30: No. 1, Article 12.
DOI: https://doi.org/10.59588/2243-786X.1124
Available at: https://animorepository.dlsu.edu.ph/ber/vol30/iss1/12