The impact of Financial Inclusion on Poverty Eradication in Iraq 2004-2022

AbstractMethodologyAutoregressive distributed lag (ARDL) model is employed to investigate the long and short run impact of Financial inclusion on poverty alleviation within the context of Iraq.PurposeThe purpose of this paper is to analyze the influence of financial inclusion on poverty alleviation in Iraq throughout the timeframe spanning from 2004-2022.FindingsFinancial inclusion exhibits a positive impact on poverty alleviation both in the short and long run.Research LimitationsData on digital advances in Iraq limited our ability to examine the impact of technological innovation on financial inclusion and hence poverty alleviation.Practical ImplicationsThe finding are consistent with substantial body of research affirming the positive contribution of financial inclusion to poverty alleviation. Consequently, we advocate for increased government intervention and support to poverty alleviation policies.Social ImplicationsFinancial inclusion empowers individuals, enhancing their prospects for securing decent employment opportunities, elevating educational attainment, and fostering improvements in health and overall quality of life.OriginalityThis paper will encourage further research into strategies aimed at poverty alleviation and the empowerment of marginalized segments of society.