Proceedings of the 2023 Brawijaya International Conference (BIC 2023)

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Sensitivity of Financial Inclusion and Poverty Rate to Economic Growth

A Comparative Study in ASEAN-5

Authors
Setyo Wahyudi1, *, Nurul Badriyah1, Rihana Nabella1, Kartika Sari1, Radeetha1
1Faculty of Economics and Business, Universitas Brawijaya, Malang, Indonesia
*Corresponding author. Email: setyo.tw@ub.ac.id
Corresponding Author
Setyo Wahyudi
Available Online 29 October 2024.
DOI
10.2991/978-94-6463-525-6_79How to use a DOI?
Keywords
Financial Inclusion; Economic Growth; Poverty; Sensitivity
Abstract

Financial inclusion, poverty and economic growth are still interesting topics in research in the field of economics. In the context of policy and strategy formulation, the Government as a stakeholder has an important role in designing measurable and targeted policies and program activities in increasing financial inclusion, reducing poverty rates and at the same time being able to increase economic growth. Financial literacy is still relatively low, indicating that there is still a gap between the design of policies and programs with the expected level of financial inclusion output. This makes the role of the financial system in reducing poverty and increasing economic growth, is still not maximized. Therefore, this study aims to examine the sensitivity of financial inclusion and poverty to economic growth in Indonesia using a panel regression model. The results of this study indicate that increasing financial inclusion can encourage economic growth and alleviate poverty. If the financial needs are smooth then investment activities can run smoothly and the economic turnover runs effectively so that poverty decreases.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 Brawijaya International Conference (BIC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
29 October 2024
ISBN
978-94-6463-525-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-525-6_79How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Setyo Wahyudi
AU  - Nurul Badriyah
AU  - Rihana Nabella
AU  - Kartika Sari
AU  - Radeetha
PY  - 2024
DA  - 2024/10/29
TI  - Sensitivity of Financial Inclusion and Poverty Rate to Economic Growth
BT  - Proceedings of the 2023 Brawijaya International Conference (BIC 2023)
PB  - Atlantis Press
SP  - 722
EP  - 726
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-525-6_79
DO  - 10.2991/978-94-6463-525-6_79
ID  - Wahyudi2024
ER  -