Citation:

Muhammad Ilyas Teguh Pratama, Lia Nazliana Nasution. "The Effectiveness of Fintech Lending on Economic Growth and Inequality in Indonesia" International Research Journal of Economics and Management Studies, Vol. 3, No. 3, pp. 143-150, 2024.

Abstract:

In order to support the ease of financial services, Financial technology or fintech must also increasingly innovate. Fintech lending can be a solution to an individual's financial problems. Developing countries often face economic challenges, including problems such as slowing economic growth and high inequality. This research uses a quantitative approach using the Simultaneous model. In this study, the data used is periodic / time series data, namely data from January 2020 to December 2022. This research uses data sourced from OJK, BPS and CEIC. This study has results that show Inflation and lender accounts simultaneously affect GDP, while loans and the Gini ratio have no effect on GDP. Also, the level of outstanding loans simultaneously affects the gini ratio, while outstanding loans and pdb do not significantly affect the gini ratio.

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Keywords:

Economic Growth, Fintech Lending, and Inequality.