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and policy makers alike. This paper employs data from a nationally representative survey in Indonesia to investigate the … impact of financial literacy on poverty, which is a downstream welfare indicator. Consequently, we have constructed a … composite financial literacy index. Our results reveal that financial literacy plays an important role in reducing poverty. This …
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Numerous microfinance initiatives around the world aim to alleviate poverty in developing countries. However, debate … from two studies in Indonesia that help explain why moneylending can still thrive when low-interest microfinance is widely …
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Hardly any studies have investigated the impact of migrant remittances on economic growth (EG) and inequality in the Western Balkans as a whole (WB6). Using the method of instrumental variables (VI), the findings show that while remittances influence economic growth, their inflow also promotes a...
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