Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa
Por:
Giron, Alicia, Kazemikhasragh, Amirreza, Cicchiello, Antonella Francesca, Panetti, Eva
Publicada:
1 jun 2022
Ahead of Print:
1 mar 2021
Categoría:
Economics and econometrics
Resumen:
The purpose of this paper is to examine the determinants of financial
inclusion in the least developed countries in Asia and Africa. We used
World Bank data to estimate the probit econometric technique in the
studied countries. The results show that young people and women are
groups excluded from financial inclusion and that education and income
are two of the key pillars for increasing financial inclusion.
Furthermore, the results reveal that a higher level of financial
inclusion increases the level of official savings in countries, which in
turn promotes their development. The findings of this study are
beneficial for policymakers in the least developed countries to promote
innovative approaches to enhance the involvement of excluded people in
formal finance.
Filiaciones:
Giron, Alicia:
University Program of Studies On Asia and Africa (PUEAA), National Autonomous University of Mexico (UNAM), Mexico City, Mexico
Kazemikhasragh, Amirreza:
University Program of Studies On Asia and Africa (PUEAA), National Autonomous University of Mexico (UNAM), Mexico City, Mexico
Cicchiello, Antonella Francesca:
Dipartimento Di Scienze Economiche E Sociali, Università Cattolica del Sacro Cuore, Piacenza, Italy
Panetti, Eva:
Dipartimento Di Studi Aziendali E Quantitativi, Università Degli Studi Di Napoli Parthenope, Naples, Italy
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