...Ayi Gavriel Ayayi; Hamitande Dout Purpose The purpose of this paper is to calculate the financial inclusion index and analyze its dynamics in developing countries. Design/methodology/approach The authors use the two-stage principal component analysis (PCA) method and consider financial...

... 01 2022 10 02 2022 06 03 2022 © Emerald Publishing Limited 2022 Emerald Publishing Limited Licensed re-use rights only Financial inclusion index Financial stability Cross-country heterogeneity Two-step quantile regression Two-Step System GMM Policy coordination...

... inclusion; however, the positive impact for two sub-samples countries (low and medium level of inclusion and high level of inclusion) are heterogeneous. The estimated result explains that a 1% increase in the financial inclusion index leads to a 0.0153% point increase in the per capita GDP for the countries...