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Financial Development and Poverty Alleviation: A Systematic Review

This study is conducted to validate the effectiveness of financial development in reducing poverty. The study adopted a Systematic Quantitative Assessment Technique and reviewed 91 financial development and poverty alleviation articles published between 2010–2022 to provide insight into the efficacy...

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Main Authors: Elumah, Lucas, Taiwo, Muritala, Zubairu, Umaru
Format: Article
Language:English
Published: UUM Press 2024
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/30388/1/JES%2006%2001%202024%201-19.pdf
https://doi.org/10.32890/jes2024.6.1.1
https://repo.uum.edu.my/id/eprint/30388/
https://e-journal.uum.edu.my/index.php/jes/article/view/18981
https://doi.org/10.32890/jes2024.6.1.1
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spelling my.uum.repo.303882024-02-12T14:08:58Z https://repo.uum.edu.my/id/eprint/30388/ Financial Development and Poverty Alleviation: A Systematic Review Elumah, Lucas Taiwo, Muritala Zubairu, Umaru HG Finance This study is conducted to validate the effectiveness of financial development in reducing poverty. The study adopted a Systematic Quantitative Assessment Technique and reviewed 91 financial development and poverty alleviation articles published between 2010–2022 to provide insight into the efficacy of financial development in reducing poverty and producing a blueprint for the government for possible adoption. The study also intends to know whether financial development successfully reduced poverty, highlight the evidence showing the success of financial development in reducing poverty, how financial development strategies were implemented to reduce poverty in other countries, and why financial development has been ineffective in reducing poverty. The reviewed articles revealed that financial development benefits the poor by increasing their access to various funding sources, thus improving well-being and reducing poverty. Similarly, it was revealed that lack of institutional quality and low financial penetration are the major reasons why financial development may not successfully reduce poverty. Thus, this study presented a FACI Blueprint to help the government effectively reduce poverty in countries where financial development is weak and unable to reduce poverty. UUM Press 2024 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/30388/1/JES%2006%2001%202024%201-19.pdf Elumah, Lucas and Taiwo, Muritala and Zubairu, Umaru and UNSPECIFIED (2024) Financial Development and Poverty Alleviation: A Systematic Review. Journal of Economics and Sustainability (JES), 6 (1). pp. 1-19. ISSN 2637-1294 https://e-journal.uum.edu.my/index.php/jes/article/view/18981 https://doi.org/10.32890/jes2024.6.1.1 https://doi.org/10.32890/jes2024.6.1.1
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Elumah, Lucas
Taiwo, Muritala
Zubairu, Umaru
Financial Development and Poverty Alleviation: A Systematic Review
description This study is conducted to validate the effectiveness of financial development in reducing poverty. The study adopted a Systematic Quantitative Assessment Technique and reviewed 91 financial development and poverty alleviation articles published between 2010–2022 to provide insight into the efficacy of financial development in reducing poverty and producing a blueprint for the government for possible adoption. The study also intends to know whether financial development successfully reduced poverty, highlight the evidence showing the success of financial development in reducing poverty, how financial development strategies were implemented to reduce poverty in other countries, and why financial development has been ineffective in reducing poverty. The reviewed articles revealed that financial development benefits the poor by increasing their access to various funding sources, thus improving well-being and reducing poverty. Similarly, it was revealed that lack of institutional quality and low financial penetration are the major reasons why financial development may not successfully reduce poverty. Thus, this study presented a FACI Blueprint to help the government effectively reduce poverty in countries where financial development is weak and unable to reduce poverty.
format Article
author Elumah, Lucas
Taiwo, Muritala
Zubairu, Umaru
author_facet Elumah, Lucas
Taiwo, Muritala
Zubairu, Umaru
author_sort Elumah, Lucas
title Financial Development and Poverty Alleviation: A Systematic Review
title_short Financial Development and Poverty Alleviation: A Systematic Review
title_full Financial Development and Poverty Alleviation: A Systematic Review
title_fullStr Financial Development and Poverty Alleviation: A Systematic Review
title_full_unstemmed Financial Development and Poverty Alleviation: A Systematic Review
title_sort financial development and poverty alleviation: a systematic review
publisher UUM Press
publishDate 2024
url https://repo.uum.edu.my/id/eprint/30388/1/JES%2006%2001%202024%201-19.pdf
https://doi.org/10.32890/jes2024.6.1.1
https://repo.uum.edu.my/id/eprint/30388/
https://e-journal.uum.edu.my/index.php/jes/article/view/18981
https://doi.org/10.32890/jes2024.6.1.1
_version_ 1792158588393750528
score 13.211869

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