Alicia Girón|Amirreza Kazemikhasragh|Antonella Francesca Cicchiello|Eva Panetti
Financial inclusion and development in the least developed countries in Asia and Africa
Università Cattolica del Sacro Cuore|Universidad Nacional Autónoma de México|Università Cattolica del Sacro Cuore|Universidad Nacional Autónoma de México
abstract purpose paper investigate relationship financial inclusion index development variables least developed countries asia africa using annual data 42 countries period 20002019 pooled panel regression panel data analysis technique used explore relationship empirical finding indicates economic growth leads financial inclusion unemployment literacy rates among factors contributing financial inclusion observed women vulnerable men lack financial inclusion less developed countries economy relies heavily agriculture people less financially inclusive live rural areas countries also pay inequality reduces financial inclusion rates negative impact development low financial inclusion rate reduces levels development countries results study lead development empowerment vulnerable groups studied countries order improve conditions development policymakers consider policies enhance literacy eliminate gender inequality increase pay equality