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.

Girón, A., Kazemikhasragh, A., Cicchiello, A. F., Panetti, E., Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa., <<JOURNAL OF THE KNOWLEDGE ECONOMY>>, 2022; 13 (2): 1198-1211. [doi:10.1007/s13132-021-00773-2] [https://hdl.handle.net/10807/168735]

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

Cicchiello, Antonella Francesca
Penultimo
Writing – Original Draft Preparation
;
2021

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.
2021
Inglese
Girón, A., Kazemikhasragh, A., Cicchiello, A. F., Panetti, E., Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa., <<JOURNAL OF THE KNOWLEDGE ECONOMY>>, 2022; 13 (2): 1198-1211. [doi:10.1007/s13132-021-00773-2] [https://hdl.handle.net/10807/168735]
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