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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 4 Financial inclusion and income inequality (fixed effect estimation)

From: Does financial inclusion reduce poverty and income inequality in developing countries? A panel data analysis

Variables(1)(2)(3)(4)(5)
lnginilnginilnginilnginilngini
cfii− 0.131*** (0.0332)− 0.121*** (0.0361)− 0.113*** (0.0330)− 0.109*** (0.0332)− 0.101*** (0.0343)
lngdppc − 0.0204 (0.0293)− 0.0415 (0.0315)− 0.0288 (0.0423)− 0.0290 (0.0476)
lnssenroll − 0.00766 (0.0248)− 0.0150 (0.0236)− 0.00414 (0.0391)0.00109 (0.0391)
lninflation − 0.00284 (0.00178)− 0.00246 (0.00184)− 0.00149 (0.00195)− 0.00182 (0.00210)
rule  0.0559** (0.0215)0.0504* (0.0277)0.0529* (0.0276)
lntradeopen  − 0.000612 (0.0102)− 0.0216 (0.0231)− 0.0217 (0.0229)
lnict   − 0.00303 (0.00563)− 0.00299 (0.00533)
lnmobile   − 0.00577 (0.00568)− 0.00497 (0.00553)
lnpcredit    − 0.00555 (0.0122)
lngovtexp    − 0.0155 (0.0232)
Constant3.753*** (0.00762)3.945*** (0.200)4.174*** (0.225)4.154*** (0.350)4.191*** (0.392)
Observations953654633558551
R-squared0.1620.1900.2530.2870.291
Number of id10895948785
  1. The dependent variable is income inequality measured by Gini coefficient. For details of the explanatory variables, see Appendix B. All standard errors are robust and reported in parentheses. The symbols ***, **, and * indicate statistical significance at the 1%, 5%, and 10% level, respectively