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Measurement and spillover effect of digital financial inclusion: a cross-country analysis

Yan Shen, C. Hueng and Wenxiu Hu

Applied Economics Letters, 2021, vol. 28, issue 20, 1738-1743

Abstract: Measures of national financial inclusion mostly focus on traditional financial services and ignore the role of digital finance. We incorporate several digital elements of financial inclusion and construct a comprehensive index of digital financial inclusion for 101 countries in 2017. The spatial distribution of the index shows a strong geographical aggregation and a clustered pattern in national income groups. Regions with higher-income countries tend to have better digital financial inclusion. However, digital technology has helped several low-income countries to improve their financial inclusion. But this improvement does not spillover to other low-income countries in the region.

Date: 2021
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Citations: View citations in EconPapers (15)

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DOI: 10.1080/13504851.2020.1853663

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