Determinants of Financial Inclusion: New Evidence from Panel Data Analysis
8 Pages Posted: 27 Mar 2019
Date Written: March 5, 2019
We find evidence that favorable socioeconomic conditions in terms of income, financial development, institutional quality, population growth rate, and human development foster the development of inclusive finance. There are differences in the determinants of financial inclusion as well as its three dimensions between country groups.
Keywords: financial inclusion, determinants, principal component analysis
JEL Classification: G21, O16
Suggested Citation: Suggested Citation