Document Type : Research/Original/Regular Article
Authors
1
Master of Economics, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran
2
Associate Professor, Department of Economics,, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran
3
Assistant Professor, Department of Economics,, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran
10.30507/jmsp.2023.359429.2478
Abstract
One of the goals of the general policies of the resistance economy is to improve the income and the role of the low and middle income classes through the activation of financial resources. Therefore, the subject of this research is to evaluate the impact of financial development and its components on poverty with a multi-dimensional approach, which can show the effect of smoothing the path of activation of financial resources on empowerment in the basic dimensions of deprivation. The advantage of multidimensional poverty is that it pays attention to two quantitative (income) and qualitative dimensions of people. Since financial development has directly and indirectly reduced poverty, the effects of these two effects have been investigated using the panel data regression method. In this research, we tried to include all the countries of the world in the time period from 2000 to 2019, and if a country does not have all the variables for that time period, it will be removed from this statistical population. To examine the multidimensional poverty of the MPI data, which is the originator of the Oxford Institute of Poverty and Human Development, the financial development data is divided into nine parts, the source of which is the global development indicators, the World Bank, which includes: life insurance, non-interest income, stock market, bonds A company that reduces multidimensional poverty and non-living expenses, ATMs, overhead costs, return on bank assets and return on equity, which leads to an increase in multidimensional poverty.Keywords: financial development, multidimensional poverty, financial depth
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