Expanding access to finance to boost growth and reduce inequalities in Mexico

doi:10.1787/2de3cd7d-en

Cited by 1 publication

(1 citation statement)

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“…South Africa also endorsed DIF despite having a low "mobile money penetration rate" [21] relative to other developing countries because sub-Saharan Africa-based studies also showed consistent findings about DIF on the economy. In 2022, the author of OECD's report "Expanding access to finance to boost growth and reduce inequalities in Mexico" appealed to the problem of unequal access to financial services and underlined the resultant obstruction to SMEs and the wider economy [19] and called to "strengthening financial education and digital literacy" to boost its metamorphosis.…”

Section: Datamentioning

confidence: 99%

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

Luo¹

2023

AEMR

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Digital Financial Inclusion (DIF) gains growing momentum as digitalization accelerates and financial technologies burgeon in recent years. This study finds some causes of DIF's impact on economic growth with multiple linear regression analyses under mediating variables. Based on data from seven global countries from 2011-2021, the empirical result finds that innovation, coverage, literacy, and attitude play essential roles in driving economic growth in DIF, respectively, and cooperatively. Future implications derived from the results are that policymakers should incentivize investments in R&D, network infrastructure, financial education programs, and financial awareness campaigns, enhance consumer protection against malpractice and fraud, and foster trust by strengthening regulations on corporate responsibility.

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Section: Datamentioning

confidence: 99%