Financial inclusion and poverty alleviation: Does it work? (Studies in lower-middle-income countries)

Lia Nazliana Nasution; Wahyu Indah Sari; Riska Khairuni

doi:10.30574/wjarr.2023.19.3.1773

eISSN: 2581-9615 || CODEN: WJARAI || Impact Factor 8.2 || CrossRef DOI

Research and review articles are invited for publication in March 2026 (Volume 29, Issue 3) Submit manuscript

Financial inclusion and poverty alleviation: Does it work? (Studies in lower-middle-income countries)

Lia Nazliana Nasution ^{1, *}, Wahyu Indah Sari ² and Riska Khairuni ²

¹ Master of Economics Study Program, Postgraduate School, Universitas Pembangunan Panca Budi, Medan, Indonesia.

² Development Economics Study Program, Faculty of Social Sciences, Universitas Pembangunan Panca Budi, Medan, Indonesia.

Review Article

World Journal of Advanced Research and Reviews, 2023, 19(03), 189-199

Article DOI: 10.30574/wjarr.2023.19.3.1773

DOI url: https://doi.org/10.30574/wjarr.2023.19.3.1773

Publication history

Received on 23 July 2023; revised on 30 August 2023; accepted on 02 September 2023

Abstract

A stable financial system can build a country's economy. Financial inclusion is one of the strategies undertaken to improve the economy and alleviate poverty. Poverty is a troubling problem for every country. Both developing and developed countries face poverty. Therefore, poverty must be eradicated immediately. This study analyzes financial inclusion in poverty alleviation in five lower-middle-income countries (Indonesia, Myanmar, Laos, Pakistan, and Bangladesh). The variables used in this study are the number of credit accounts, the number of savings accounts, the number of debits, the number of bank branch offices, and economic growth. This research uses secondary data or time series from 2010-2020. The method used in this study is the ARDL Panel method. The panel shows that countries with leading indicators for poverty alleviation are Indonesia, Myanmar, and Pakistan. Meanwhile, the leading indicators variables are the number of creditors, the amount of savings, and the number of debits in the five lower-middle-income countries.

Keywords

Growth; Financial inclusion; Poverty; Lower-Middle-Income Countries; Panel ARDL

Download Article PDF

https://wjarr.com/sites/default/files/fulltext_pdf/WJARR-2023-1773.pdf

Preview Article PDF

How to cite this article

Lia Nazliana Nasution, Wahyu Indah Sari and Riska Khairuni. Financial inclusion and poverty alleviation: Does it work? (Studies in lower-middle-income countries). World Journal of Advanced Research and Reviews, 2023, 19(3), 189-199. Article DOI: https://doi.org/10.30574/wjarr.2023.19.3.1773

Copyright © Author(s). All rights reserved. This article is published under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, sharing, adaptation, distribution, and reproduction in any medium or format, as long as appropriate credit is given to the original author(s) and source, a link to the license is provided, and any changes made are indicated.

All statements, opinions, and data contained in this publication are solely those of the individual author(s) and contributor(s). The journal, editors, reviewers, and publisher disclaim any responsibility or liability for the content, including accuracy, completeness, or any consequences arising from its use.

Developed & Designed by VS Infosolution

Financial inclusion and poverty alleviation: Does it work? (Studies in lower-middle-income countries)

Lia Nazliana Nasution ^{1, *}, Wahyu Indah Sari ² and Riska Khairuni ²

Preview Article PDF

Get Certificates

Issue details

Financial inclusion and poverty alleviation: Does it work? (Studies in lower-middle-income countries)

Lia Nazliana Nasution 1, *, Wahyu Indah Sari 2 and Riska Khairuni 2

Preview Article PDF

Get Certificates

Issue details

Lia Nazliana Nasution ^{1, *}, Wahyu Indah Sari ² and Riska Khairuni ²