BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 17 No 2 (2023): BAREKENG: Journal of Mathematics and Its Applications

FINANCIAL INCLUSION, ECONOMIC GROWTH AND POVERTY IN INDONESIA WITH PANEL SIMULTANEOUS MODELS APPROACH

Almasah, Munifah Zuhra (Unknown)
Sirait, Timbang (Unknown)



Article Info

Publish Date
11 Jun 2023

Abstract

Financial inclusion is a condition that people have equal access to and use financial services. However, in 2021, Indonesia will have the fourth-highest proportion of unbanked citizens worldwide. Economic growth may have an indirect or direct impact on poverty depending on financial inclusion. Several variables that encourage financial inclusion have been described by many studies. This study aims to analyze simultaneous equation models using panel data of financial inclusion, then identify its causality relationship with economic growth and poverty of 33 provinces in Indonesia from 2011-2021. As result, only the variable mean years of school has an effect on increasing of financial inclusion index. The three variables of economic development, namely financial inclusion, economic growth, and poverty have a one-way causality relationship. That is means there has been no visible development synergy in terms of financial inclusion, economic growth, and poverty. It could be an example given to the government in evaluating Indonesia's regional development gap.

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Journal Info

Abbrev

barekeng

Publisher

Subject

Computer Science & IT Control & Systems Engineering Economics, Econometrics & Finance Energy Engineering Mathematics Mechanical Engineering Physics Transportation

Description

BAREKENG: Jurnal ilmu Matematika dan Terapan is one of the scientific publication media, which publish the article related to the result of research or study in the field of Pure Mathematics and Applied Mathematics. Focus and scope of BAREKENG: Jurnal ilmu Matematika dan Terapan, as follows: - Pure ...