Financial inclusion and development in the least developed countries in Asia and Africa

Girón, Alicia; Kazemikhasragh, Amirreza; Cicchiello, Antonella Francesca; Panetti, Eva

doi:10.1186/s13731-021-00190-4

Cited by 53 publications

(38 citation statements)

References 41 publications

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“…Alternatively, completing secondary and tertiary education levels have a positive significant relationship with financial inclusion-gender equality. In line with previous studies, advanced education levels increase financial inclusion-equality based index (Arora, 2012;Cicchiello, Kazemikhasragh, Monferrá, et al, 2021;Mouna & Jarboui, 2021;Yan & Qi, 2021). The results with the interaction of Covid-19 restrictions show that all education levels increase financial inclusion in Latin American countries.…”

Section: Resultssupporting

confidence: 91%

“…Taking into account the research of Cicchiello et al. (2021) and wanting to analyze and determine the extent of financial inclusion in Latin America and the Caribbean, we employed the following pooled‐panel OLS model:

X_{italicit} = α + β A_{italicit} + ε_{i},

where X represents the financial inclusion‐based gender equality index, i represents the country dimensions, t represents year, A represents the independent variables, and ε i represents the error term.…”

Section: Modelmentioning

confidence: 99%

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Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean

Kazemikhasragh

Pineda

2022

Review Development Economics

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Financial inclusion and education contribute to a country's development and economic growth. However, despite the significant efforts being made to increase access to financial products for women, a high percentage still do not have access to and effective use of formal financial services in the countries of Latin America and the Caribbean. This study analyzes financial inclusion (based on gender equality) in the countries studied using a pooled‐panel ordinary least squares econometric technique. Furthermore, the impact of interactions between the level of study, use of technology, academic degree during the Covid‐19 restrictions, number of credit borrowers, and number of borrowers with the interaction of the restrictions during the health emergency was evaluated employing the Gini coefficient and human development index (HDI). This study confirms that Latin America and the Caribbean countries can increase financial inclusion by changing their social aspects based on gender equality to ease using technology and access to credit. The results of this study are helpful for policy‐makers in formulating and implementing policies that lead to action plans that reverse an exclusionary financial system, promote financial education, and empower women.

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Section: Resultssupporting

confidence: 91%

X_{italicit} = α + β A_{italicit} + ε_{i},

Section: Modelmentioning

confidence: 99%

Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean

Kazemikhasragh

Pineda

2022

Review Development Economics

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“…Mindra et al (2017) postulated that women’s self-efficacy is a significant factor for women’s financial inclusion. Literacy is one of the significant contributors towards greater financial access but women are behind men in attaining literacy which leads to the gender gap in financial inclusion in developing countries (Cicchiello et al, 2021). Sabherwal et al (2019) also attribute low access to information and lack of financial literacy as factors constraining financial inclusion of women.…”

Section: Resultsmentioning

confidence: 99%

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

Roy

Patro

2022

Vision: The Journal of Business Perspective

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The consistent gender gap in financial inclusion over time is postulated by World Bank Findex data despite an increase in the overall financial inclusion level around the globe. Women’s financial inclusion is significant in line with the promotion of gender equality- one of the 17 Sustainable Development Goals adopted by the United Nations. Academic literatures have fragmented studies on women’s financial inclusion and there is a dearth of systematic literature review to comprehend the overall literature landscape in analyzing research gaps. This article is an attempt to conduct a structured systematic literature review to identify factors impacting women’s financial inclusion, the associated gender gap and importance of promoting greater financial inclusion for women. Literature reviews are important to map the existing landscape of a study problem and develop further knowledge. This study reviews 75 peer reviewed articles from 2000 to 2021 and presents the findings in a comprehensive manner following a conceptual model. Synthesized evidence reveal the existence of gendered financial inclusion mainly due to demand side factors. Various socio-economic and cultural factors are also seen to influence women’s financial exclusion. Based on the mapping of existing findings the study suggests future research directions where emerging themes lie in the areas related to digital finance, financial self-efficacy and financial literacy which are important for enhancing women’s financial inclusion.

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“…Omar and Inaba (2020)'s analysis for the economies of 116 developing countries consisting of Asia, Africa, Latin America and the Caribbean showed that financial inclusion significantly reduced poverty and income inequality in these countries. In another recent analysis conducted by Cicchiello et al (2021), for the least developed 42 countries in Asia and Africa, findings were obtained that low financial access reduces economic development.…”

Section: Financial Inclusionmentioning

confidence: 99%

How Can Blockchain Contribute to Developing Country Economies? A Literature Review on Application Areas

Gillpatrick

Boğa

Aldanmaz³

2022

Economics

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Blockchain technology originally finding applications in Fintech and supply chain management is rapidly expanding applications to other industries as well as the public sector. “Blockchain has been compared to the invention of the internet and its comprehensive impact on almost every industry.” R. Beck and B. Markey-Towler (2017) A recent study by PWC (2020) found that, “Blockchain technology has the potential to boost global gross domestic product by $1.76 trillion USD over this decade.” It has been argued that the digital revolution has favored more developed nations and that has helped create a “digital divide” with less developed nations. Business and governmental infrastructure in developing nations have lagged that of more developed nations. Some of these challenges faced by developing nations include the registration of property ownership, financial systems, modern efficient supply chains often accompanied by a lack of trust and the ability to verify and audit organizational processes rapidly and economically. Blockchain technology has the promise to address many of the critical needs of developing countries internally and in external trade relationships to help enable them to be more competitive. This paper will review the literature and examine the impact of Blockchain technology on how its adoption may ameliorate many of these critical challenges for developing nations helping to improve governance and economic benefits that are shared more equitably. Potential for both positive and negative impacts with be discussed along with policy implications for public policy makers and private enterprises.

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Financial inclusion and development in the least developed countries in Asia and Africa

Cited by 53 publications

References 41 publications

Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean

Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

How Can Blockchain Contribute to Developing Country Economies? A Literature Review on Application Areas

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