Title : The Impact of Digital Technology and Business Regulations on Financial Inclusion and Socio-Economic Development in Low-Income Countries
Authors :
1. Yusef Ali Yusef Yakubi
2. Basuki Basuki
3. Rudi Purwono
4. Indrianawati Usman
Department : Accounting
Journal Name : Sagepub
Kinds of Journal: Q1
Keywords: Digital Technology, Business Regulations, Financial Inclusion, Socioeconomic Development, Low-income Countries
ABSTRACT
This study aims to test the impact of digital technology and business regulations on financial inclusion and socioeconomic development in low-income countries. Digital technology and business regulations are perceived to be powerful factors to spur financial inclusive economies and ease several social and economic ills and thus enhance the welfare of low-income nations which represent most world regions. Secondary data were collected for 77 low-income countries from different sources including World Bank, IMF, and UNDP while Smart PLS 3. software was employed for data analysis. This study is distinguished by casting a new angle of linking digital technology and business regulations as drivers of financial inclusion and socioeconomic development. It also presents financial inclusion as a means to an end. Furthermore, it contributes to the literature by providing an empirical evidence on the significant positive impact of digital technology and business regulations on both financial inclusion and socioeconomic development using the PLS-SEM method. Thus, stakeholders, governments, and supporters ought to sustainably endorse the adoption of digital finance and business environment to help the poor low-income citizens get pulled into a better-quality life and more improved standards of living.
For details : https://journals.sagepub.com/doi/full/10.1177/21582440221116112#
