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Financial Development, Technological Development, and Poverty: A Cross-Sectional Study

Financial Development, Technological Development, and Poverty: A Cross-Sectional Study

Mohammed Imran, Mohammad Ashraful Ferdous Chowdhury, Mosharrof Hosen
Copyright: © 2018 |Pages: 13
ISBN13: 9781522540564|ISBN10: 1522540563|EISBN13: 9781522540571
DOI: 10.4018/978-1-5225-4056-4.ch008
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MLA

Imran, Mohammed, et al. "Financial Development, Technological Development, and Poverty: A Cross-Sectional Study." Management Strategies and Technology Fluidity in the Asian Business Sector, edited by Patricia Ordóñez de Pablos, IGI Global, 2018, pp. 126-138. https://doi.org/10.4018/978-1-5225-4056-4.ch008

APA

Imran, M., Chowdhury, M. A., & Hosen, M. (2018). Financial Development, Technological Development, and Poverty: A Cross-Sectional Study. In P. Ordóñez de Pablos (Ed.), Management Strategies and Technology Fluidity in the Asian Business Sector (pp. 126-138). IGI Global. https://doi.org/10.4018/978-1-5225-4056-4.ch008

Chicago

Imran, Mohammed, Mohammad Ashraful Ferdous Chowdhury, and Mosharrof Hosen. "Financial Development, Technological Development, and Poverty: A Cross-Sectional Study." In Management Strategies and Technology Fluidity in the Asian Business Sector, edited by Patricia Ordóñez de Pablos, 126-138. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-4056-4.ch008

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Abstract

This study aims to explore the impact of financial development, technological development on poverty for Asian and Non-Asian countries. In order to test the proposed model, five years' data from 80 countries over the year 2008 to 2014 have been collected. This study uses the Pooled OLS regression and found that poverty has a significant relationship with inflation and unemployment. However, technological advancement has found negatively and statistically significant with poverty. Furthermore, this study found that the Asian region has poverty reduction effect in comparing other regions when technological advancement speeds up.

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