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

Author

Listed:
  • Alicia Girón

    (University Program of Studies On Asia and Africa (PUEAA), National Autonomous University of Mexico (UNAM))

  • Amirreza Kazemikhasragh

    (University Program of Studies On Asia and Africa (PUEAA), National Autonomous University of Mexico (UNAM))

  • Antonella Francesca Cicchiello

    (Università Cattolica del Sacro Cuore)

  • Eva Panetti

    (Università Degli Studi Di Napoli Parthenope)

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.

Suggested Citation

  • Alicia Girón & Amirreza Kazemikhasragh & Antonella Francesca Cicchiello & Eva Panetti, 2022. "Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1198-1211, June.
    • Handle: RePEc:spr:jknowl:v:13:y:2022:i:2:d:10.1007_s13132-021-00773-2
    DOI: 10.1007/s13132-021-00773-2
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial inclusion; Gender; Development; financial institutions;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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