Browsing by Author "Reyes, Rossvern S."
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Item Restricted The role of financial inclusion in income distribution and poverty in the Philippines(2018-06) Reyes, Rossvern S.; Bautista, Maria Socorro G.Financial inclusion is identified as the process of easing the access, improving the availability and maximizing the usage of the formal financial system and its products and services for all members of an economy. Advancing financial inclusion is becoming a primary agenda in many countries because it is recognized as a potent tool for development and economic growth. To verify the positive role of financial inclusion, this study assesses empirically the role of financial inclusion in alleviating income inequality and poverty in the Philippines. The results of panel data regression using three sets of two-dimensional regional financial inclusion indices and other indicators find no robust evidence that greater access and usage of finance improves income distribution and reduces poverty in the Philippines. However, existing data constraints need to be overcome to allow a more extensive investigation of the issue.