The linkage between globalisation and financial inclusion: Do inequality and institutions matter?

IF 0.7 Q3 ECONOMICS
M. Cahyadin
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引用次数: 3

Abstract

This paper examines the effect of the globalization threshold on financial inclusion in 40 selected countries during 2000-2018. A principal component analysis (PCA) and a static panel threshold (SPT) are utilized. There are three dimensions and one aggregation of financial inclusion indicators assessed by PCA, while the globalization threshold is estimated under static panel threshold regression. Findings/Originality: The findings exhibit six countries with strong financial inclusion and eight countries with weak financial inclusion during study periods. Furthermore, the threshold effect of globalization has a significant impact on the financial inclusion index. The robustness checking employs panel cointegration test exhibits that inequality and some institutions indicators have a significant impact on financial inclusion both in the short-run and long-run. The policy implication suggests that governments should increase the financial inclusion index level during the globalization period, decrease inequality, and improve institutions' quality.
全球化与普惠金融之间的联系:不平等和制度重要吗?
本文考察了2000-2018年间40个选定国家的全球化门槛对普惠金融的影响。利用主成分分析(PCA)和静态面板阈值(SPT)。采用主成分分析法对普惠金融指标进行了三个维度和一个集合的评估,而采用静态面板阈值回归估计全球化阈值。研究结果/独创性:研究结果显示,在研究期间,有6个国家的金融包容性较强,8个国家的金融包容性较弱。此外,全球化的门槛效应对普惠金融指数有显著影响。采用面板协整检验的稳健性检验表明,不平等和一些制度指标在短期和长期对普惠金融都有显著影响。政策启示是各国政府应在全球化时期提高普惠金融指数水平,减少不平等,提高制度质量。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
自引率
20.00%
发文量
21
审稿时长
12 weeks
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