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Why is financial inclusion so popular? An analysis of development buzzwords

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  • Ozili, Peterson K

Abstract

We analyse the popularity of the term ‘financial inclusion’ in relation to other development buzzwords. We extract trend data for multiple development buzzwords across countries and cities from 2004 to 2022 and we run a series of empirical analyses. We find that the ‘financial inclusion’ buzzword is popular because the term ‘financial inclusion’ is correlated with other development buzzwords particularly ‘microfinance’, ‘digital finance’, ‘inclusive finance’, ‘financial exclusion’ and ‘fintech’ buzzwords. Financial inclusion buzzword is more popular in developing countries than in developed countries. Financial inclusion buzzword is also popular in major cities in developing countries. We also observe that the financial inclusion buzzword was more popular during the second wave of the COVID-19 pandemic. There is uni-directional causality between interest in financial inclusion and interest in fintech and inclusive finance, indicating that interest in financial inclusion buzzword causes interest in fintech and inclusive finance buzzword. There is also uni-directional causality between interest in financial exclusion and interest in financial inclusion. Finally, there is a significant correlation between interest in the ‘financial inclusion’, ‘digital finance’, ‘inclusive finance’ and ‘fintech’ buzzwords.

Suggested Citation

  • Ozili, Peterson K, 2023. "Why is financial inclusion so popular? An analysis of development buzzwords," MPRA Paper 118792, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118792
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    References listed on IDEAS

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    1. Joshua Yindenaba Abor & Mohammed Amidu & Haruna Issahaku, 2018. "Mobile Telephony, Financial Inclusion and Inclusive Growth," Journal of African Business, Taylor & Francis Journals, vol. 19(3), pages 430-453, July.
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    4. Michael Chibba, 2009. "Financial Inclusion, Poverty Reduction and the Millennium Development Goals," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(2), pages 213-230, April.
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    More about this item

    Keywords

    buzzword; development; microfinance; financial inclusion; digital finance; fintech; inclusive finance; financial exclusion.;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other

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