Digital financial inclusion, international remittances, and poverty reduction

Autor: Takeshi Inoue
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Journal of Economic Structures, Vol 13, Iss 1, Pp 1-20 (2024)
Druh dokumentu: article
ISSN: 2193-2409
DOI: 10.1186/s40008-024-00328-z
Popis: Abstract Ensuring access to and usage of formal financial services through digital devices can be referred to as “digital financial inclusion” (DFI). In recent years, there has been a growing trend in the use of financial services, including money transfers through mobile phones. This study applies mobile phone subscriptions as a proxy to measure the degree of DFI and explores the individual effects of DFI and remittances and their interaction effects on poverty conditions in developing countries. Using panel data from 2000 to 2020 for 123 countries and employing the dynamic generalized method of moments estimation, the results reveal that DFI and remittance inflows help ameliorate poverty in developing countries. Furthermore, we find that the coefficient of the interaction term between DFI and remittances is statistically significant and positive, suggesting that the impact of DFI on poverty alleviation could weaken as remittance inflows increase in the remittance-receiving country and vice versa.
Databáze: Directory of Open Access Journals
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