How does digitally enabled micro-finance promote income equality for the vulnerable in the expanded BRICS block during the pandemic?

ABSTRACT:

Introduction

Tech-enabled alternative micro-finance promotes income equality in growing BRICS and Austria across financial crises and pandemics. Are financial access and digital skills equally economically valuable? Our study uses inputs: Human Capital, Alternative Micro-finance, Digitization, Governance, and Entrepreneurship, GDP, inflation, population growth, pandemics, and economic crises using the global 2000-2022 to explain income equality using SWIID Gini disposable and market income index as outputs.

Methods

The study uses Principal component analysis for reducing data dimensionality and collinearity. The study uses OLS, Dynamic Mixed Model, and random forest tree, a machine learning technique, as models to model digitally enable micro-finance.

Results

RFT mode

SUBMITTER: M V MK 

PROVIDER: S-EPMC11647032 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature