Financial inclusion and inclusive growth: a review of recent empirical evidence
Leora Klapper () and
No 8040, Policy Research Working Paper Series from The World Bank
There is growing evidence that appropriate financial services have substantial benefits for consumers, especially women and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical evidence on how the use of financial products -- such as payments services, savings accounts, loans, and insurance -- can contribute to inclusive growth and economic development. This paper also discusses some of the challenges to achieving greater financial inclusion and directions for future research.
Keywords: Economic Growth; Marketing; Economic Theory&Research; Private Sector Economics; Industrial Economics; Private Sector Development Law (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:8040
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