Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa.

Antonella Francesca Cicchiello, Alicia Girón, Amirreza Kazemikhasragh, Eva Panetti

Research output: Contribution to journalArticle

Abstract

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.
Original languageEnglish
Pages (from-to)1-19
Number of pages19
JournalJournal of the Knowledge Economy
Publication statusPublished - 2021

Keywords

  • financial inclusion

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