Overview

Original Research

MEASURING INDEX OF FINANCIAL INCLUSION: A CROSS –COUNTRY ANALYSIS

N. CHITHRA 1, and Dr. K. K. SABARIRAJAN 2.

Vol 17, No 12 ( 2022 )   |  DOI: 10.5281/zenodo.7498136   |   Author Affiliation: Ph.D. Research scholar, Part Time (Ext), Department of Business Administration, Annamalai University, Annamalai Nagar 1; Associate Professor, Department of Business Administration, Annamalai University, Annamalai Nagar 2.   |   Licensing: CC 4.0   |   Pg no: 1594-1601   |   To cite: N. CHITHRA, and Dr. K. K. SABARIRAJAN. (2022). MEASURING INDEX OF FINANCIAL INCLUSION: A CROSS –COUNTRY ANALYSIS. 17(12), 1594–1601. https://doi.org/10.5281/zenodo.7498136   |   Published on: 23-12-2022

Abstract

The paper attempts to analyze the present scenario on financial inclusion across several developed and developing countries of the world, for the years 2015 and 2019. The study focuses on developing an Index of financial inclusion (IFI) and in exploring its association with the human development index. It also focuses on the explanation of variation in observed IFI. Principal component method has been applied to calculate the three dimension indices (availability, access and usage) and finally IFI. And also pooled OLS with clustered standard error regression model has been used to explain the factors influencing financial inclusion across the countries of the world.

Keywords

Index of Financial Inclusion, Banking, Human Development Index, Principal Component.