Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence

27 Pages Posted: 26 Apr 2017

Date Written: April 25, 2017

Abstract

There is growing evidence that appropriate financial services have substantial benefits for consumers, especially women and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical evidence on how the use of financial products -- such as payments services, savings accounts, loans, and insurance -- can contribute to inclusive growth and economic development. This paper also discusses some of the challenges to achieving greater financial inclusion and directions for future research.

Keywords: Economic Growth, Marketing, Economic Theory & Research, Private Sector Economics, Industrial Economics, Private Sector Development Law

Suggested Citation

Demirgüç-Kunt, Asli and Singer, Dorothe, Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence (April 25, 2017). World Bank Policy Research Working Paper No. 8040, Available at SSRN: https://ssrn.com/abstract=2958542

Asli Demirgüç-Kunt (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Dorothe Singer

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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