Impacts of Financial and Digital Inclusion on Poverty in South Asia and Sub-Saharan Africa

Angela C. Lyons, Josephine Kass‐Hanna, Andrew J. Greenlee
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引用次数: 20

Abstract

The United Nations 2030 Agenda for Sustainable Development Goals calls for the elimination of many global challenges related to poverty. The first Sustainable Development Goal – the elimination of poverty – targets the challenges faced by the more than 700 million people who live on less than $1.90 per day. This study uses data from the 2017 InterMedia Financial Inclusion Insights surveys to examine the relationship between poverty and financial and digital inclusion across seven developing countries in South Asia and Sub-Saharan Africa. We find that increases in various measures of financial and digital inclusion are associated with significant reductions in poverty, including food insecurity. While the results are robust across the measures, some spatial heterogeneities are found for rural and urban populations. The most significant and consistent reductions in poverty are related to ownership and usage of traditional bank accounts. Access to and usage of non-bank financial institutions and mobile money accounts also significantly matters. Robustness checks for endogeneity and selection are conducted. The results provide strong evidence for the continued expansion of both traditional and non-traditional financial services and underscore the importance of digital financial services to support and sustain poverty reduction in developing countries.
金融和数字普惠对南亚和撒哈拉以南非洲贫困的影响
联合国2030年可持续发展目标议程呼吁消除与贫困有关的许多全球挑战。第一项可持续发展目标——消除贫困——针对的是每天生活费不足1.9美元的7亿多人所面临的挑战。本研究使用2017年InterMedia金融普惠洞察调查的数据,研究了南亚和撒哈拉以南非洲七个发展中国家的贫困与金融和数字普惠之间的关系。我们发现,各种金融和数字包容性指标的提高与包括粮食不安全在内的贫困大幅减少有关。虽然所有措施的结果都很稳健,但在农村和城市人口中发现了一些空间异质性。最显著和持续的贫困减少与传统银行账户的所有权和使用有关。进入和使用非银行金融机构和移动货币账户也很重要。进行了内生性和选择的鲁棒性检查。结果为传统和非传统金融服务的持续扩张提供了强有力的证据,并强调了数字金融服务对支持和维持发展中国家减贫的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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