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Financial Inclusion Index: Proposal Of A Multidimensional Measure For Mexico

Author

Listed:
  • César Manuel Zulaica Piñeyro

    (Instituto Tecnológico Autónomo de México)

Abstract

El objetivo de este trabajo es proponer un índice que permita tener un panorama general de cada uno de los municipios de México en términos de inclusión financiera. Con variables pertenecientes a la medición del acceso y uso de servicios financieros, educación financiera, protección al consumidor y desarrollo social, el índice se obtiene a través del análisis en componentes principales. Posteriormente, se clasifica a los municipios con ayuda de un análisis de conglomerados jerárquico. Los resultados muestran que 36% de municipios tienen inclusión alta, 35% media, y el resto (29%), baja. Al realizar un análisis, se concluye que la población con ingreso y nivel educativo mayor es aquella que se beneficia de los servicios financieros, mientras que millones de personas se encuentran excluidas del sistema financiero.

Suggested Citation

  • César Manuel Zulaica Piñeyro, 2013. "Financial Inclusion Index: Proposal Of A Multidimensional Measure For Mexico," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 8(2), pages 157-180, Julio-Dic.
    • Handle: RePEc:imx:journl:v:8:y:2013:i:2:p:157-180
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    File URL: http://www.remef.org.mx/index.php/remef/article/view/46/77
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    References listed on IDEAS

    as
    1. Ardic, Oya Pinar & Heimann, Maximilien & Mylenko, Nataliya, 2011. "Access to financial services and the financial inclusion agenda around the world : a cross-country analysis with a new data set," Policy Research Working Paper Series 5537, The World Bank.
    2. Mandira Sarma, "undated". "Index of Financial Inclusion," Indian Council for Research on International Economic Relations, New Delhi Working Papers 215, Indian Council for Research on International Economic Relations, New Delhi, India.
    3. Caskey & John P. & Duran, Clemente Ruiz & Solo, Tova Maria, 2006. "The urban unbanked in Mexico and the United States," Policy Research Working Paper Series 3835, The World Bank.
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    Cited by:

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    2. Biliqees Ayoola Abdulmumin & Oyebola Fatima Etudaiye-Muhtar & Abdulrasaq Taiye Jimoh & Ola Ridwan Sakariyahu, 2019. "An Investigation into the Level of Financial Inclusion in Sub-Saharan Africa," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 66(1), pages 41-63, March.
    3. Dircio-Palacios-Macedo, María del Carmen & Cruz-García, Paula & Hernández-Trillo, Fausto & Tortosa-Ausina, Emili, 2023. "Constructing a financial inclusion index for Mexican municipalities," Finance Research Letters, Elsevier, vol. 52(C).
    4. Sofía Orazi & Lisana Belén Martinez & Hernán P. Vigier, 2019. "La inclusión financiera en América Latina y Europa," Ensayos de Economía 18301, Universidad Nacional de Colombia Sede Medellín.

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    More about this item

    Keywords

    Financial Inclusion; Principal Component Analysis; Multidimensional Measure;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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