Proceedings of the 4th Borobudur International Symposium on Humanities and Social Science 2022 (BIS-HSS 2022)

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Digital Financial Transformation in The Financial Inclusion Program and Its Impact on Income Inequality: The Case of Middle-Income Countries

Authors
Siti Aisyah1, *, Tika Pratika1
1Faculty of Economics and Business, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia
*Corresponding author. Email: aisyah.feb.ums@gmail.com
Corresponding Author
Siti Aisyah
Available Online 10 October 2023.
DOI
10.2991/978-2-38476-118-0_32How to use a DOI?
Keywords
Income Inequality; Digital Finance; Financial Inclusion; Panel Data; Financial Development Index
Abstract

The rise of the financial industry is essential for economic expansion, which includes reducing income disparity. The public will engage in more transactions, investments, savings, and credit if the financial industry is strong. The rise will then boost economic expansion and lessen wealth disparity. In 15 middle-income countries between the years of 2012 and 2019, this study sought to quantify the impact of digital finance, financial inclusion, and financial development on income disparity. The panel data regression with fixed effect model was the analytical method utilized. The findings revealed that although financial development index has a negative and substantial impact on income inequality, the number of fintech startups and commercial bank branches per 100,000 persons had a positive and significant impact on income inequality.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th Borobudur International Symposium on Humanities and Social Science 2022 (BIS-HSS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
10 October 2023
ISBN
10.2991/978-2-38476-118-0_32
ISSN
2352-5398
DOI
10.2991/978-2-38476-118-0_32How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siti Aisyah
AU  - Tika Pratika
PY  - 2023
DA  - 2023/10/10
TI  - Digital Financial Transformation in The Financial Inclusion Program and Its Impact on Income Inequality: The Case of Middle-Income Countries
BT  - Proceedings of the 4th Borobudur International Symposium on Humanities and Social Science 2022 (BIS-HSS 2022)
PB  - Atlantis Press
SP  - 281
EP  - 287
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-118-0_32
DO  - 10.2991/978-2-38476-118-0_32
ID  - Aisyah2023
ER  -