Exploring The Strength of Apparently Uncorrelated Regression ‎A Model for Analyzing and Detecting Economic Growth and ‎Poverty through Financial Inclusion in Indonesia

  • Authors

    • Lia Nazliana Nasution Ph.D. Associate Professor, Lecturer, Economic Development, Universitas Pembangunan Panca Budi, Indonesia
    • Ade Novalina Ph.D. Associate Professor, Lecturer, Economic Development, Universitas Pembangunan Panca Budi, Indonesia
    • Ardela Ph.D. Associate Professor, Lecturer, Economic Development, Universitas Pembangunan Panca Budi, Indonesia
    https://doi.org/10.14419/b8sd8q76

    Received date: July 25, 2025

    Accepted date: July 31, 2025

    Published date: November 3, 2025

  • SUR Model; GDP Growth; Inequality; Poverty Rate; Economic; Financial Inclusion; JEL Codes: F43; O47

  • Abstract

    In recent years, financial inclusion (FI) has emerged as an important topic with the potential to directly impact most countries around the ‎world. Indonesia is a developing country and therefore suffers from economic problems, most notably slow economic growth (EG) and ‎limited use of formal financial services. In addition, research has not shown a decrease in the Gini coefficient, despite a decrease in ‎poverty rates. Therefore, further research is necessary to verify this. This research adopted an important model, the seemingly unrelated ‎regression (SUR), to examine and determine the strength of the model and the relationship. The results showed that the effect of the SUR ‎model on economic growth was not positive. However, the significant negative effects revealed that the availability dimension is the most ‎effective and optimal in reducing poverty, alleviating its severity, and reducing income inequality in Indonesia. In contrast, the results did not ‎show any significant effect for the accessibility and ease of use dimensions‎.

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    Nasution , L. N. ., Novalina, A. ., & Ardela. (2025). Exploring The Strength of Apparently Uncorrelated Regression ‎A Model for Analyzing and Detecting Economic Growth and ‎Poverty through Financial Inclusion in Indonesia. International Journal of Accounting and Economics Studies, 12(SI-1), 479-485. https://doi.org/10.14419/b8sd8q76