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    Financial Inclusion: New Measurement and Cross-Country Impact Assessment

    Cyn-Young Park; Rogelio V. Mercado, Jr. | March 2018
    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.
    Citation
    Cyn-Young Park; Rogelio V. Mercado, Jr.. 2018. Financial Inclusion: New Measurement and Cross-Country Impact Assessment. © Asian Development Bank. http://hdl.handle.net/11540/8102. License: CC BY 3.0 IGO.
    ISSN
    2313-6537 (print)
    2313-6545 (electronic)
    Keywords
    Poverty Analysis
    Participatory Poverty Assessment
    Poverty Reduction Strategy
    Extreme Poverty
    Economic development
    Growth And Poverty
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Income Distribution
    Demographic Indicators
    Social Justice
    Price stabilization
    Food prices
    Price policy
    Development Indicators
    Environmental Indicators
    Economic Indicators
    Educational Indicators
    Demographic Indicators
    Health Indicators
    Disadvantaged Groups
    Low Income Groups
    Socially Disadvantaged Children
    Social change
    Social accounting
    Inequality of income
    Economic growth
    Quality of Life
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8102
    Metadata
    Show full item record
    Thumbnail
    ewp-539-financial-inclusion.pdf (1.513Mb)
    Author
    Cyn-Young Park
    Rogelio V. Mercado, Jr.
    Theme
    Poverty
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise