Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/203379 
Year of Publication: 
2018
Series/Report no.: 
ADB Economics Working Paper Series No. 539
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper introduces a new index of financial inclusion for 151 economies using principal component analysis to compute weights for aggregating nine indicators of access, availability, and usage. It then assesses the impact of financial inclusion on poverty and income inequality. The results provide evidence that high- and middle-high-income economies with high financial inclusion have significantly lower poverty, while no such relation exists for middle-low and low-income economies. The nonlinearities in the cross-country determinants and impacts of financial inclusion on poverty and income inequality across income groups are important to choosing the appropriate policies for achieving inclusive growth in different development stages.
Subjects: 
financial inclusion
income inequality
poverty
JEL: 
G18
O11
O16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.