What drives financial exclusion in Mexican municipalities?

Paula Cruz-García, María del Carmen Dircio Palacios Macedo () and Emili Tortosa-Ausina
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María del Carmen Dircio Palacios Macedo: Universidad Popular Autónoma del Estado de Puebla, Mexico and Department of Economics, Universitat Jaume I, Castellón, Spain

No 2020/19, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

Abstract: Although in recent years there has been a growth in banking services in Mexico, there is still a significant delay in terms of financial inclusion, and it is also very uneven between municipalities. In this context, this paper analyzes the factors that determine the probability of a municipality to be financially excluded. The results show that these municipalities are characterized by a small number of inhabitants and low levels of income and education. The analysis is also carried out distinguishing between municipalities according to the region in which they are located and to their type of population. The results also show that, in general, the municipalities located in the Sur region of the country are the most affected by financial exclusion. One of the main reasons is that more than 70% of the municipalities in the Sur region are rural or in transition, being the metropolitan, semi-metropolitan and urban municipalities the least affected by financial exclusion.

Keywords: Financial exclusion; Mexico; Mexican regions (search for similar items in EconPapers)
JEL-codes: C25 G21 R10 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2020
New Economics Papers: this item is included in nep-fle
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2020/19

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