Asset Details
Do you wish to reserve the book?
Financial inclusion in the digital era: a key driver for reducing income inequality
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Financial inclusion in the digital era: a key driver for reducing income inequality
Do you wish to request the book?
Financial inclusion in the digital era: a key driver for reducing income inequality
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Financial inclusion in the digital era: a key driver for reducing income inequality
2025
Overview
Growing income inequality remains a pressing phenomenon in many developing economies, especially Sub-Saharan Africa (SSA), and may cause discontent in achieving inclusive growth which is crucial for sustainable development. Economies turning to financial inclusion as a critical component of economic development where access to formal financial institutions and services remains limited in the region. Digital technology has the potential to advance financial inclusion by tapping technology to extend financial access to underserved populations, as lack of access to efficient financial products and services can perpetuate income disparities. We employ a generalized quantile regression with an instrumental variables framework to investigate the distributional effects of financial inclusion and digitalization on income inequality in the region. Results imply that the use and adoption of the internet and mobile phones contribute to reducing income inequality, highlighting the transformative potential of digitalization across different quantiles. The findings indicate that public expenditure favors distributional impacts on inequality across quantiles. Our study suggests that policymakers in the region should prioritize the adoption and use of digital technology and foster an enabling policy that encourages the development of digital infrastructure and financial services to ensure widespread access and benefits for all segments of the population.
First published online 18 February 2025
Publisher
Vilnius Gediminas Technical University
