TY - JOUR
T1 - Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa.
AU - Girón, Alicia
AU - Kazemikhasragh, Amirreza
AU - Cicchiello, Antonella Francesca
AU - Panetti, Eva
PY - 2021
Y1 - 2021
N2 - 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.
AB - 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.
KW - Developing Countries
KW - Financial Inclusion
KW - Developing Countries
KW - Financial Inclusion
UR - http://hdl.handle.net/10807/168735
UR - https://link.springer.com/article/10.1007/s13132-021-00773-2
U2 - 10.1007/s13132-021-00773-2
DO - 10.1007/s13132-021-00773-2
M3 - Article
SN - 1868-7865
VL - 13
SP - 1198
EP - 1211
JO - Journal of the Knowledge Economy
JF - Journal of the Knowledge Economy
ER -