Analyzing the Consequences of Financial Inclusion on the Effectiveness of the Financial System and its Capacity to be Maintained Through Evidence from Asia
Journal Title: International Journal of Social Science And Human Research - Year 2022, Vol 5, Issue 11
Abstract
Using yearly data for 40 countries between 2000 and 2021, this article seeks to examine the connection between the financial inclusion index and development factors in the world's poorest regions: Asia. As a means of investigating this connection, we use pooled panel regression and panel data analysis. This empirical evidence suggests that expanding economies is the key to expanding access to financial services. Women are more likely than males to be economically excluded due to a variety of reasons, including unemployment and literacy rates. People in rural regions of less developed nations have less access to financial resources because of the economy's reliance on agriculture. Wage disparity has a chilling effect on people's ability to participate in the financial system and hampers progress. Because of this low degree of financial inclusion, these nations are not as developed as they may be. This research has the potential to improve the lives of marginalized people in the nations under consideration. Policymakers should think about enacting measures to boost literacy, eradicate gender discrimination, and increase wage equity in order to better the environment for development
Authors and Affiliations
Hasan Shirazi
Keywords
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- EP ID EP712040
- DOI 10.47191/ijsshr/v5-i11-05
- Views 68
- Downloads 0
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