The effect of financial inclusion on multidimensional poverty: the case of Vietnam
Poverty reduction has become a top goal in the socio-economic development strategies of countries and a topic of interest for researchers. A number of prior empirical studies have identified the importance of financial inclusion to poverty reduction. However, most of these studies assess the effect...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2022-12-01
|
| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2132643 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849717351029669888 |
|---|---|
| author | Huong Thi Thanh Tran Ha Thi Thu Le Nga Thanh Nguyen Tue Thi Minh Pham Huyen Thanh Hoang |
| author_facet | Huong Thi Thanh Tran Ha Thi Thu Le Nga Thanh Nguyen Tue Thi Minh Pham Huyen Thanh Hoang |
| author_sort | Huong Thi Thanh Tran |
| collection | DOAJ |
| description | Poverty reduction has become a top goal in the socio-economic development strategies of countries and a topic of interest for researchers. A number of prior empirical studies have identified the importance of financial inclusion to poverty reduction. However, most of these studies assess the effect of financial inclusion on income poverty reduction. There are relatively few studies evaluating the impact of financial inclusion, especially in terms of household use of financial products and services, on multidimensional poverty reduction. This study uses a multivariate probit model with a dataset from Vietnam to estimate the effect of financial inclusion in terms of household use of financial products and services and other factors on multidimensional poverty. The results show that financial inclusion reduces multidimensional poverty. Specifically, households owning bank accounts, having savings at banks, using debit cards, credit cards, or investing in stocks or bonds are less likely to fall into multidimensional poverty. Based on the findings, we provide several recommendations for policymakers to increase the level of households’ use of financial products and services. |
| format | Article |
| id | doaj-art-45a96f555cde44028ed669b11351dccf |
| institution | DOAJ |
| issn | 2332-2039 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-45a96f555cde44028ed669b11351dccf2025-08-20T03:12:41ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2132643The effect of financial inclusion on multidimensional poverty: the case of VietnamHuong Thi Thanh Tran0Ha Thi Thu Le1Nga Thanh Nguyen2Tue Thi Minh Pham3Huyen Thanh Hoang4Faculty of Accounting and Auditing, Banking Academy, 12 Chua Boc Street, Hanoi, VietnamFaculty of Accounting and Auditing, Banking Academy, 12 Chua Boc Street, Hanoi, VietnamFaculty of Mathematics, Banking Academy, 12 Chua Boc Street, Hanoi, VietnamFaculty of Accounting and Auditing, Banking Academy, 12 Chua Boc Street, Hanoi, VietnamFaculty of Accounting and Auditing, Banking Academy, 12 Chua Boc Street, Hanoi, VietnamPoverty reduction has become a top goal in the socio-economic development strategies of countries and a topic of interest for researchers. A number of prior empirical studies have identified the importance of financial inclusion to poverty reduction. However, most of these studies assess the effect of financial inclusion on income poverty reduction. There are relatively few studies evaluating the impact of financial inclusion, especially in terms of household use of financial products and services, on multidimensional poverty reduction. This study uses a multivariate probit model with a dataset from Vietnam to estimate the effect of financial inclusion in terms of household use of financial products and services and other factors on multidimensional poverty. The results show that financial inclusion reduces multidimensional poverty. Specifically, households owning bank accounts, having savings at banks, using debit cards, credit cards, or investing in stocks or bonds are less likely to fall into multidimensional poverty. Based on the findings, we provide several recommendations for policymakers to increase the level of households’ use of financial products and services.https://www.tandfonline.com/doi/10.1080/23322039.2022.2132643financial inclusionmultidimensional povertymultivariate probitpoverty reduction |
| spellingShingle | Huong Thi Thanh Tran Ha Thi Thu Le Nga Thanh Nguyen Tue Thi Minh Pham Huyen Thanh Hoang The effect of financial inclusion on multidimensional poverty: the case of Vietnam Cogent Economics & Finance financial inclusion multidimensional poverty multivariate probit poverty reduction |
| title | The effect of financial inclusion on multidimensional poverty: the case of Vietnam |
| title_full | The effect of financial inclusion on multidimensional poverty: the case of Vietnam |
| title_fullStr | The effect of financial inclusion on multidimensional poverty: the case of Vietnam |
| title_full_unstemmed | The effect of financial inclusion on multidimensional poverty: the case of Vietnam |
| title_short | The effect of financial inclusion on multidimensional poverty: the case of Vietnam |
| title_sort | effect of financial inclusion on multidimensional poverty the case of vietnam |
| topic | financial inclusion multidimensional poverty multivariate probit poverty reduction |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2132643 |
| work_keys_str_mv | AT huongthithanhtran theeffectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT hathithule theeffectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT ngathanhnguyen theeffectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT tuethiminhpham theeffectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT huyenthanhhoang theeffectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT huongthithanhtran effectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT hathithule effectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT ngathanhnguyen effectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT tuethiminhpham effectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam AT huyenthanhhoang effectoffinancialinclusiononmultidimensionalpovertythecaseofvietnam |