Inclusion
Financial Inclusion as the Driver of Poverty Alleviation in Developing Economies: Evidence from Bangladesh
Mohammad Mohidul Islam
DOI: https://doi.org/10.58718/policyanalysis1120236
Key Words: Financial Inclusion, Poverty Alleviation, and Bangladesh.
Abstract
This study aims to investigate the role of inclusive financing practices on poverty eradication in the developing countries context like Bangladesh by utilising annual time series data over the period from 1995 to 2020. The empirical evidence from the study indicates that the macroeconomic influences of inclusive financing on reduction of poverty is not statistically well justified, meaning that no significant statistical relationship has been found between inclusive financing and poverty alleviation in Bangladesh over the study period. But the expected sign of the variables that possess in the specified model gives the remarkable indication regarding the presence of true economic relationship. However, the right direction of the variables related to financial inclusion show that to some extent there have been economic implications from which we could remark that poverty alleviation is positively associated with financial inclusion in Bangladesh similar to many other developing countries across the world.
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