Financial inclusion in India: An axiomatic approach

Chakravarty, Satya R.; Pal, Rupayan

doi:10.1016/j.jpolmod.2012.12.007

Cited by 237 publications

(201 citation statements)

References 30 publications

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“…These financial indicators, however, do not provide a complete measurement of financial inclusion. Very few studies have created an index of financial inclusion using different financial dimensions and methodologies (Chakravarty and Pal 2013;Chattopadhyay 2011;Sarma 2015;Lenka and Bairwa 2016).…”

Section: Contribution Of This Studymentioning

confidence: 99%

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Lenka

Barik

2018

Financ Innov

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Exclusion from the mainstream financial world is a burden on the poor of many countries. The proliferation of new mobile and online financial services, such as e-banking, money transfers, and payment processing has the potential to provide access to basic financial products and services to financially excluded people. The purpose of this study was to investigate the effects of the growth of mobile phone and Internet use on financial inclusion in the South Asian Association for Regional Cooperation (SAARC) countries from 2004 to 2014. We applied principal component analysis to construct a financial inclusion index that served as a proxy variable for the accessibility of financial services in the SAARC countries. Using three different models-the fixed effect, random effect, and panel correction standard errors modelsthis study discovered a positive and significant relationship between the growth of financial inclusion and expansion of both mobile phone and Internet services. Moreover, an empirical study of the control variables showed that the levels of income and education were positively associated with financial inclusion, whereas the size of the rural population and unemployment were negatively related to financial inclusion. In addition, the empirical estimates posit a unidirectional causal flow from the growth of mobile and Internet services to expanded financial inclusion in the SAARC countries.

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Section: Contribution Of This Studymentioning

confidence: 99%

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Lenka

Barik

2018

Financ Innov

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“…Several studies associate financial inclusion with economic development, as it incorporates segments of the population that were previously excluded from the financial system, hence reducing poverty (Anzoategui et al, 2014;Arora, 2012;Chakravarty & Pal, 2013;Cnaan et al, 2011;Duncombe, 2012;García Cediel, 2013;Lusardi & Mitchell, 2014;Mishra & Singh Bisht, 2013;Sarma & Pais, 2011;Soederberg, 2013). Others assert that financial exclusion is a key obstacle to sustainable economic development (Beck & Demirguc-Kunt, 2008;Gómez-Barroso & Marban-Flores, 2013;Honohan, 2008;Hudon, 2008;Marron, 2013).…”

Section: Resultsmentioning

confidence: 99%

Financial inclusion in Colombia: A scoping literature review

Thoene

Hoyos

2017

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Purpose: The paper provides an extensive, comprehensive and up-to-date qualitative scoping literature review of financial inclusion and other related concepts, and focuses in particular on the Colombian context, and the accessibility as well as barriers to banking services. It structures the themes and dimensions of scholarly debates on financial inclusion in the literature highlighting avenues for future research to fill various gaps. Design/methodology:This scoping literature review rigorously identifies the most relevant research and variables pertaining to financial inclusion and social innovation.Findings: Based on a scoping literature review, a comprehensive framework of key concepts of financial inclusion, scholarly contributions, countries and variables is presented. Research limitations/implications:Owing to the methodological approach of this paper and its rather theoretical nature, this research seeks to enrich scientific debates pertaining to the empirical data displayed, especially on the case of Colombia. Practical implications:The most central variables that are linked to the theme of financial inclusion are explored, and hence this paper forms a basis for future qualitative and quantitative studies. Social implications:This research article contributes to public policy making on financial inclusion aimed at reducing levels of socio-economic inequality.-582-Intangible Capital -https://doi.org/10.3926/ic.946 Originality/value: In business and management research a degree of conceptual confusion prevails on the theme of financial inclusion. This paper attempts to clarify different types of variables and one country specific case to provide more solid analytical tools for scholars and analysts.

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“…Financial inclusion as a key enabler for development is firmly placed on the agenda of most governments as a key policy priority (Atkinson & Messy 2013;Chakravarty & Pal 2013;Morgan & Pontines 2014;Sarma 2008Sarma , 2012. Financial inclusion or inclusive financing refers to the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society (FINCA 2016).…”

Section: Financial Inclusionmentioning

confidence: 99%

Perceptions of post-multicurrency regime financial inclusion confidence challenges in Zimbabwe

Ngwenya¹,

Pelser²,

Chivaura³

2018

SAJEMS

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Aim: The study sought to assess the informal trader’s perceptions of the post-multicurrency regime financial inclusion confidence challenges in Zimbabwe and also through further future studies explore the potential of explicating a framework for achieving optimal financial inclusion in an economy recovering from a recession through further future studies. Setting: A non-probability judgment sample of 1000 informal traders in the Avondale area of Harare was used in this study. Method: The study established four potential financial inclusion construct pillars: demand side factors, supply side factors, behavioural factors and individual factors; these were largely influenced by age, which can be investigated in further future grounded theory studies to develop a framework. Results: The results indicate that healing from the financial experiences of the hyperinflation era of 2008 still has not been achieved. The study suggests a need for Zimbabwe to restore human rights, political stability, and ensure compliance with the Financial Action Task Force regulations regarding money laundering and terror financing in order to boost external confidence in the financial system of the country. Conclusion: There is still a challenge of confidence in the country’s financial system. The proposed framework is envisaged to minimise the negative impacts of the mistrust of formal financial service providers and boost confidence in the financial system. It is hoped that the findings will aid government to craft policies that will be perceived as supportive of the informal sector to achieve optimal financial inclusion. The study further suggests penetration of the rural areas through technological advances such as mobile networks.

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Financial inclusion in India: An axiomatic approach

Cited by 237 publications

References 30 publications

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Financial inclusion in Colombia: A scoping literature review

Perceptions of post-multicurrency regime financial inclusion confidence challenges in Zimbabwe

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