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[IWS] ADB: FINANCIAL INCLUSION, POVERTY, AND INCOME INEQUALITY IN DEVELOPING ASIA [20 January 2015]

IWS Documented News Service

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School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

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Asian Development Bank (ADB)

ADB economics working paper series No. 426

 

FINANCIAL INCLUSION, POVERTY, AND INCOME INEQUALITY IN DEVELOPING ASIA [20 January 2015]

by Park, Cyn-Young; Mercado, Rogelio Jr.

http://www.adb.org/publications/financial-inclusion-poverty-and-income-inequality-developing-asia

or

http://www.adb.org/sites/default/files/publication/153143/ewp-426.pdf

[full-text, 25 pages]

 

Understanding the link between financial inclusion, poverty, and income inequality at the country level will help policymakers design and implement programs that will broaden access to financial services.

 

This paper presents a broad-based financial inclusion indicator to assess various macroeconomic and country-specific factors affecting the degree of financial inclusion for 37 selected developing Asian economies. Using the newly constructed financial inclusion indicator, this paper finds that per capita income, rule of law, and demographic structure are highly correlated with financial inclusion. Empirical findings also show that financial inclusion is significantly associated with lower poverty and income inequality in the region.

 

Contents

 

Abstract

Introduction

Related Literature

Financial Inclusion Indicator

Empirical Methodology and Data Sources

Empirical Results

Summary and Policy Implications

References

 

 

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