Financial inclusion in Turkey: unpacking the provincial inequality and its determinants

dc.authoridALATAS, SEDAT/0000-0002-3764-8746
dc.authorwosidALATAS, SEDAT/C-4723-2018
dc.contributor.authorTakmaz, Sefa
dc.contributor.authorSarı, Erkam
dc.contributor.authorAlataş, Sedat
dc.date.accessioned2023-03-22T19:47:27Z
dc.date.available2023-03-22T19:47:27Z
dc.date.issued2022
dc.departmentBelirleneceken_US
dc.description.abstractThis paper investigates the regional disparity of financial inclusion (FI) and its determinants in Turkey from 2004 to 2020. To this end, we first construct an FI index using the principal component analysis. Then, based on the club convergence approach, we test the existence of convergence to show regional disparities in FI. Finally, we examine the main determinants of provincial disparity using ordered logit models. The convergence results strongly reject the full-panel convergence, indicating a regional disparity in FI. Furthermore, our analyses reveal that financial inclusion positively correlates with population, income, and income inequality, while unemployment hinders inclusion. Overall, our results imply that policies focusing on digital financial services, increasing financial literacy, and reducing unemployment should significantly diminish regional disparities and improve FI.en_US
dc.identifier.doi10.1080/13504851.2022.2141442
dc.identifier.issn1350-4851
dc.identifier.issn1466-4291
dc.identifier.scopus2-s2.0-85141365148en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.urihttps://doi.org/10.1080/13504851.2022.2141442
dc.identifier.urihttps://hdl.handle.net/20.500.14034/716
dc.identifier.wosWOS:000878879900001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.journalApplied Economics Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFinancial inclusionen_US
dc.subjectprincipal component analysisen_US
dc.subjectclub convergenceen_US
dc.subjectTurkeyen_US
dc.subjectEconomic-Growthen_US
dc.subjectConvergenceen_US
dc.subjectPovertyen_US
dc.titleFinancial inclusion in Turkey: unpacking the provincial inequality and its determinantsen_US
dc.typeArticleen_US

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