Theoretical and Applied Economics
No. 3 / 2022 (632), Autumn
Measuring financial inclusion and its present status in South Asian countries. Evidence from a multidimensional Financial Inclusion Index
Rajendra University, Odisha, India
Phanindra GOYARI
University of Hyderabad, India
Abstract. The purpose of this paper is to measure the level of financial inclusion in South Asian countries. A sample of seven South Asian countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan, and Sri Lanka) for the period 2004 to 2018 is being considered for this study. In order to find out the level of financial inclusion, we have proposed a multidimensional Financial Inclusion Index (FII) for South Asian countries but excluded Nepal because of the non-availability of relevant data. This paper reflects the comparative position of financial inclusion among the countries in South Asia. Overall cross country study evidence that the performance of all South Asia countries in financial inclusion (i.e. Financial Inclusion Index) has been increasing from 2004 to 2018 but interestingly, among seven South Asian countries, India is the only country that performs better with the highest value of FII from 2013 to 2017. Furthermore, the results reveal that all South Asian countries were included in the high financial inclusion category in 2018.
Contents
Financial development and public debt. Estimating the role of institutional quality
An econometric approach to analyse the perceived cartel behaviour of OPEC
Global Competitiveness Index 4.0 and export performances of the European economies
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The economic effects of working remotely: causes and implications
Cash conversion cycle and its relationship with profitability as a cash management tool in companies: An application on companies trading in Borsa Istanbul
Measuring financial inclusion and its present status in South Asian countries. Evidence from a multidimensional Financial Inclusion Index
Stock market linkages in Asia. Revisiting Granger causality evidences
The effects of exchange rate changes on the bilateral trade balances between the MENA country group and France: empirical evidences based on non-linear ARDL approach
Postmodernism and communication in education. European funds for combatting school dropout in Romania
Fiscal and monetary policy effects on economic growth in Romania (1990-2020)
Economic growth at the expense of technology
Inflation seriously affects the standard of living of the population