文章基本信息

标题：FINANCIAL INCLUSIONS,FINANCIAL STABILITY,AND INCOME INEQUALITY IN OIC COUNTRIES: A GMM AND QUANTILE REGRESSION APPLICATION
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作者：Fatima Muhammad Abdulkarim ; Hamisu Sadi Ali
期刊名称：Journal of Islamic Monetary Economics and Finance
印刷版ISSN：2460-6146
电子版ISSN：2460-6618
出版年度：2019
卷号：5
期号：2
页码：419-438
DOI：10.21098/jimf.v5i2.1069
语种：English
出版社：Bank Indonesia
摘要：This paper examines the relationship among financial inclusion,financial stability,and income inequality in some selected Organization of Islamic Corporations (OIC) countries.Data were analyzed using dynamic panel estimation and quantile regression for 47 OIC countries during 2006 - 2016.The results of dynamic GMM reveal that financial inclusion has a positive and significant effect on both financial stability and income inequality.This implies that increased financial access helped narrow the gap between the rich and poor as well as provided financial stability in OIC countries.Therefore,policy makers should strive to design policies that will make financial services more available and affordable to the masses.Thus,it is safe to conclude that availability of both Islamic and conventional finances in OIC countries contributes positively to the development of the countries.
关键词：Financial Inclusion;Financial Stability;Income Inequality;OIC Countries;GMM;Quantile Regression.