Abstract
Financial inclusion—enhancing participation in formal financial system—has received attention from policymakers globally, particularly over the past two decades. Based on the proposition that financial inclusion is a multidimensional concept, with access and usage and efficacy as its three dimensions, the research objective in this chapter is to identify the key determinants of financial inclusion in developing countries. Using a large cross-country sample of developing economies, over a 14-year period from 2004 to 2017, findings suggest that physical access to banking services, advances in financial technology, government effectiveness and rural population are significantly associated with financial inclusion and should be the principal focus of policy initiatives. Sub-sample analysis shows considerable differences in the key determining factors of financial inclusion across six regions and three income groups.
| Original language | English |
|---|---|
| Title of host publication | Financing of Sustainable Development Goals (SDGs) |
| Subtitle of host publication | Challenges and Opportunities |
| Editors | Rashmi Arora, Tapan Sarker |
| Publisher | Palgrave Macmillan |
| Chapter | 3 |
| Pages | 39-64 |
| Number of pages | 26 |
| Edition | 1 |
| ISBN (Electronic) | 9783031804786 |
| ISBN (Print) | 9783031804779 |
| DOIs | |
| Publication status | Published - 14 Feb 2025 |
Bibliographical note
Publisher Copyright:© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.
