Non-parametric evidence on the determinants of access to financial services in the countries of the Organization of Turkic States

Kenan İlarslan ()
Additional contact information
Kenan İlarslan: Afyon Kocatepe University

Eurasian Economic Review, 2024, vol. 14, issue 4, No 8, 1035-1055

Abstract: Abstract Access to financial services, which is a component of financial inclusion, enables individuals and businesses to access the funds they need on favorable terms and at low cost, without time and place constraints. In this respect, access to finance is seen as an important tool for economic growth, employment and poverty reduction. The study aims to examine the role of the variables of shadow economy (SE), human development level (HDI), automatic teller machines usage (ATM) and inflation (INF) on access to financial services (AFS) in the member countries of the Organization of Turkic States (OTS). In the study, which covers the period 2004–2021, analyzes were conducted within the framework of the fixed-effect Method of Moment Quantile Regression (MM-QR). According to the results of the study, while the level of HDI and the use of ATMs have a positive effect on AFS, while the SE has a negative effect. Although the INF rate has a negative effect on AFS, this effect could not be confirmed at any quantile level.

Keywords: Access to financial services; Panel quantile regression method; Organization of turkic states; Shadow economy; G20; C33; F53; O17 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40822-024-00288-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurase:v:14:y:2024:i:4:d:10.1007_s40822-024-00288-6

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40822

DOI: 10.1007/s40822-024-00288-6

Access Statistics for this article

Eurasian Economic Review is currently edited by Dorothea Schäfer

More articles in Eurasian Economic Review from Springer, Eurasia Business and Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().