The paper provides an overview of the existing measures of financial inclusion and critically evaluates the two widely used existing methodologies to measure the dimensions – the principal component analysis (PCA) method and the Distance method, respectively. We subsequently propose a new hybrid financial inclusion index, which draws on the strengths of existing measures. We propose four key stylised ...

This paper presents an examination of the key impacts of financial inclusion on economic prosperity and wellbeing, and on other development indicators such as those pertaining to health, education, gender, and social capital for Asia. It attempts to answer specific questions such as: What are the main individual dimensions of financial inclusion? Which of those are more effective at capturing the ...

This study empirically examines the effects of financial inclusion on economic development, – economic growth, education, health, and income inequality – in 20 Asian countries in the period 2004-2015. The financial inclusion index at an aggregate level is constructed using a hybrid methodology (reported in the previous paper) and we empirically examine its relationship with particular development ...