Financial Inclusion and Economic Development in World Economies using IMF Global Findex Survey Data
Publication details: Delhi Indian Institute of Finance 2022Description: Vol XXXVI No 3 Pg 889-906Subject(s): In: Finance IndiaSummary: Financial Inclusion can be a defining factor for economic development. The paper explores whether economic development measured as High, Low, Lower Middle and Upper Middle Income and Upper Middle Income economies can be defined by the measures of financial inclusion. The paper empirically tests its through Multinational logistic expression on the IMF Global Findex survey of 150000 adults across 776 measures to determine various factors of financial inclusion that can help classify an economic development.The factors leading to economic development are measured through the reference set of Upper Middle Economies. The study for the first time affecting demand side factors of Financial inclusion affecting economic development| Item type | Current library | Status | Barcode | |
|---|---|---|---|---|
| Article | St. Francis Institute of Management and Research | Available | AR1031 |
Financial Inclusion can be a defining factor for economic development. The paper explores whether economic development measured as High, Low, Lower Middle and Upper Middle Income and Upper Middle Income economies can be defined by the measures of financial inclusion. The paper empirically tests its through Multinational logistic expression on the IMF Global Findex survey of 150000 adults across 776 measures to determine various factors of financial inclusion that can help classify an economic development.The factors leading to economic development are measured through the reference set of Upper Middle Economies. The study for the first time affecting demand side factors of Financial inclusion affecting economic development
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