Abstract
AbstractThe purpose of this paper is to investigate the relationship between the financial inclusion index and development variables in the least developed countries in Asia and Africa by using annual data of 42 countries for the period 2000–2019. The pooled panel regression and panel data analysis technique are used to explore this relationship. The empirical finding indicates that economic growth leads to financial inclusion. Unemployment and literacy rates are among the factors contributing to financial inclusion, and it is observed that women are more vulnerable than men are to lack financial inclusion. In less developed countries, the economy relies heavily on agriculture, and people are less financially inclusive when they live in rural areas of these countries. Also, pay inequality reduces financial inclusion rates and has a negative impact on development. The low financial inclusion rate reduces the levels of development in these countries. The results of this study can lead to the development and empowerment of vulnerable groups in the studied countries. In order to improve the conditions for development, policymakers should consider policies that enhance literacy, eliminate gender inequality and increase pay equality.
Publisher
Springer Science and Business Media LLC
Subject
Management of Technology and Innovation,Economics and Econometrics,Sociology and Political Science,Information Systems,Management Information Systems
Reference53 articles.
1. Abdulkarim, F. M., & Ali, H. S. (2019). Financial inclusions, financial stability, and income inequality in OIC countries: a GMM and quantile regression application. Journal of Islamic Monetary Economics and Finance, 5(2), 419–438.
2. Abubakar, A. M., Daneji, B. A., Muhammed, A. I., & Chekene, I. A. B. (2020). Driving faster financial inclusion in developing nations. Technology Audit and Production Reserves. https://doi.org/10.15587/2706-5448.2020.201120
3. Adeola, O., & Evans, O. (2017). Financial inclusion, financial development, and economic diversification in Nigeria. The Journal of Developing Areas, 51(3), 1–15.
4. Agyemang-Badu, A. A., Agyei, K., & Kwaku Duah, E. (2018). Financial inclusion, poverty and income inequality: Evidence from Africa. Spiritan International Journal of Poverty Studies, 2(2), 1–19.
5. Ajide, F. M. (2020). Financial inclusion in Africa, does it promote entrepreneurship? Journal of Financial Economic Policy, 12(4), 687–706.
Cited by
30 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献