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The impact of financial inclusion initiatives: Evidence from meta‐analysis

Year: 2024

Type: article

Study designs: Systematic Review, Meta-Analysis

Abstract: Developing an inclusive financial system is an important policy intervention to improve livelihood and reduce poverty. Despite this, the empirical evidence on the impacts of financial inclusion remains mixed. This study reports a meta‐analysis of studies on the impact of financial inclusion. The findings show that financial inclusion outcomes reflect small, positive and statistically significant average effects on consumption, income, asset and other poverty‐related indicators. The results of meta‐regression analysis also show that financial inclusion has a significant positive effect on household consumption. We discuss some of the sources of inconsistencies in financial inclusion studies, policy implications and future research directions.

Source: Journal of International Development

DOI: 10.1002/jid.3943

Authors: Ashenafi Biru, Alemayehu Molla, Salvatore Ferraro, Yonatan Navon

Institution: RMIT University

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: No poverty, Reduced inequalities, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,190