Measuring Financial Inclusion : An Axiomatic Approach
AbstractThis paper clearly demonstrates that the axiomatic measurement approach developed in the human development literature can be usefully applied to the measurement of financial inclusion. A conceptual framework for aggregating data on financial services in different dimensions is developed. The suggested index of financial inclusion allows calculation of percentage contributions of different dimensions to the overall achievement. This in turn enables us to identify the dimensions of inclusion that are more/less susceptible to overall inclusion and hence to isolate the dimensions that deserve attention from a policy perspective. The paper also illustrates the index using cross-country and sub-national level data.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Microeconomics Working Papers with number 22776.
Date of creation: Jan 2010
Date of revision:
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More information through EDIRC
financial inclusion; axioms; index; policy; application;
Other versions of this item:
- Satya R. Chakravarty & Rupayan Pal, 2010. "Measuring financial inclusion: An Axiomatic approach," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2010-03, Indira Gandhi Institute of Development Research, Mumbai, India.
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- G00 - Financial Economics - - General - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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