The Impact of Financial Sector in Poverty Alleviation

This study aims to analyze the influence of financial sector development which is divided into four characteristics such as financial deepening, financial access, financial efficiency and financial stability and economic growth on poverty in the ASEAN region which has poverty problems. This study uses secondary data with panel data types with a research period of 2011 to 2023. This study uses the Panel Regression Analysis model. The results of this study indicate that financial deepening and efficiency have a significant negative effect on poverty, and economic instability has a significant positive effect on poverty. While the amount of financial access and economic growth do not have a significant effect on poverty.