The effect of financial inclusion on poverty alleviation and economic growth: a view from an emerging market

Zakaria Boulanouar, Osama Badr, Khaled Sayed Ahmed

Research output: Contribution to journalArticlepeer-review

Abstract

This study investigates the impact of financial inclusion (FI) on Egypt's economic growth and poverty reduction. A summary of the extensive FI literature review is conducted, including Egypt's experience. Using 21 years’ worth of data from the WDI database, the relationship between FI, economic growth, and poverty reduction was estimated using the least squares (LS) and autoregressive distributed lag (ARDL) regression models. Our results show that greater FI and government spending growth lead to more economic growth. However, an increase in trade openness reduces the rate of economic growth, indicating that trade openness happens in the direction of consumer imports. Moreover, improving FI leads to a higher poverty rate, and a greater concentration of income reduces the poverty rate.

Original languageEnglish
Pages (from-to)183-205
Number of pages23
JournalInternational Journal of Accounting, Auditing and Performance Evaluation
Volume20
Issue number1-2
DOIs
Publication statusPublished - 2024

Keywords

  • economic growth
  • Egypt
  • emerging market
  • emerging market
  • financial inclusion
  • government spending
  • income concentration
  • poverty alleviation
  • poverty reduction
  • trade openness

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Organizational Behavior and Human Resource Management

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