Financial inclusion and economic growth: exploring the role of income inequality

• Autorzy: Oanh Dao Le Kieu

Identyfikatory

DOI

10.17512/pjms.2024.29.1.16

Warianty tytułu

PL

Integracja finansowa i wzrost gospodarczy: badanie roli nierówności dochodów

• Języki publikacji: EN

Abstrakty

EN

Nowadays, income inequality affecting economic growth is receiving much attention from policymakers and the academic community. Therefore, this study aims to explore the influence of income inequality on economic growth in the context of financial inclusion. Furthermore, this study performs an in-depth review and compares low- and high finance countries to get a more detailed and comprehensive picture. A new Bayesian regression method is applied to process data collected from 17 countries with low levels of financial development and 14 countries with high levels of financial development. Bayesian regression model results show that the Finance (FI) variable positively impacts economic growth (GDP) in both groups of countries. Additionally, this research observes that income inequality (GINI) negatively affects economic growth in both countries, but the magnitude of this effect varies depending on the level of financial development. Although GINI still has a negative impact in countries with high levels of financial development, this impact is significantly reduced compared to countries with low levels of financial development. These results highlight the importance of financial inclusion for economic growth and suggest appropriate regulatory policy implications for both groups of countries.

PL

W dzisiejszych czasach nierówność dochodowa wpływająca na wzrost gospodarczy przyciąga dużą uwagę decydentów politycznych i środowiska akademickiego. Dlatego celem tego badania jest zbadanie wpływu nierówności dochodowych na wzrost gospodarczy w kontekście integracji finansowej. Ponadto, badanie to przeprowadza dogłębną analizę i porównuje kraje o niskim i wysokim poziomie rozwoju finansowego, aby uzyskać bardziej szczegółowy i kompleksowy obraz. Zastosowano nową metodę regresji bayesowskiej do przetworzenia danych zebranych z 17 krajów o niskim poziomie rozwoju finansowego i 14 krajów o wysokim poziomie rozwoju finansowego. Wyniki modelu regresji bayesowskiej pokazują, że zmienna dotycząca integracji finansowej (FI) pozytywnie wpływa na wzrost gospodarczy (PKB) w obu grupach krajów. Dodatkowo badanie wykazuje, że nierówność dochodowa (GINI) negatywnie wpływa na wzrost gospodarczy w obu grupach krajów, ale wielkość tego wpływu różni się w zależności od poziomu rozwoju finansowego. Chociaż wskaźnik GINI nadal ma negatywny wpływ w krajach o wysokim poziomie rozwoju finansowego, wpływ ten jest znacznie mniejszy w porównaniu do krajów o niskim poziomie rozwoju finansowego. Wyniki te podkreślają znaczenie integracji finansowej dla wzrostu gospodarczego i sugerują odpowiednie implikacje regulacyjne dla obu grup krajów.

Słowa kluczowe

EN

Financial inclusion; economic growth; financial development; income inequality

PL

integracja finansowa; wzrost gospodarczy; rozwój finansowy; nierówność dochodowa

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2024
• Tom: Vol. 29, No. 1
• Strony: 272--287
• Opis fizyczny: Bibliogr. 51 poz., tab.

Twórcy

autor

Oanh Dao Le Kieu

• Faculty of Banking, Hochiminh University of Banking, Vietnam

• https://orcid.org/0000-0003-4858-9099

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).