Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship

Aylin Abuk Duygulu; Mehmet Özyiğit

doi:10.25229/beta.1169604

EN

Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship

Abstract

This study discusses the financial inclusion mechanisms that function under a capitalist production. Financial inclusion is a field which is given importance due to being a central element of the new conception of development and a way to overcome recession in the capitalist system. In the new development conception, the removal of barriers to access to finance, that is, financial inclusion has become important to reduce inequality. Being a form of financialization, financial inclusion has also become widespread in many countries in recent years as a way of overcome recession that emerges in the functioning of capitalism by supporting demands. The objective of this study is to investigate the causes of financial inclusion and its interactions with inequalities using descriptive analysis. The study argues that inequality-based functioning of the capitalist system triggers income inequalities, it needs mechanisms like financial inclusion to eliminate these inequalities (to the extent that it complicates the functioning of the system), and financial inclusion increases inequalities instead of reducing them.

Keywords

Financialization, Financial inclusion, Income inequality

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Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Aylin Abuk Duygulu
0000-0002-3279-6838
Türkiye

Mehmet Özyiğit ^*
0000-0002-6362-9928
Türkiye

Publication Date

December 31, 2022

Submission Date

September 1, 2022

Acceptance Date

October 12, 2022

Published in Issue

Year 2022 Volume: 7 Number: 2

DOI

https://doi.org/10.25229/beta.1169604

IZ

https://izlik.org/JA88HT35WW

APA

Abuk Duygulu, A., & Özyiğit, M. (2022). Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship. Bulletin of Economic Theory and Analysis, 7(2), 297-325. https://doi.org/10.25229/beta.1169604

AMA

1.Abuk Duygulu A, Özyiğit M. Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship. Beta. 2022;7(2):297-325. doi:10.25229/beta.1169604

Chicago

Abuk Duygulu, Aylin, and Mehmet Özyiğit. 2022. “Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship”. Bulletin of Economic Theory and Analysis 7 (2): 297-325. https://doi.org/10.25229/beta.1169604.

EndNote

Abuk Duygulu A, Özyiğit M (December 1, 2022) Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship. Bulletin of Economic Theory and Analysis 7 2 297–325.

IEEE

[1]A. Abuk Duygulu and M. Özyiğit, “Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship”, Beta, vol. 7, no. 2, pp. 297–325, Dec. 2022, doi: 10.25229/beta.1169604.

ISNAD

Abuk Duygulu, Aylin - Özyiğit, Mehmet. “Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship”. Bulletin of Economic Theory and Analysis 7/2 (December 1, 2022): 297-325. https://doi.org/10.25229/beta.1169604.

JAMA

1.Abuk Duygulu A, Özyiğit M. Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship. Beta. 2022;7:297–325.

MLA

Abuk Duygulu, Aylin, and Mehmet Özyiğit. “Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship”. Bulletin of Economic Theory and Analysis, vol. 7, no. 2, Dec. 2022, pp. 297-25, doi:10.25229/beta.1169604.

Vancouver

1.Aylin Abuk Duygulu, Mehmet Özyiğit. Financial Inclusion and Income Inequality: An Evaluation on Cause-and- Effect Relationship. Beta. 2022 Dec. 1;7(2):297-325. doi:10.25229/beta.1169604

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https://doi.org/10.1016/j.sciaf.2025.e02811

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