A regional Kohonen map of financial inclusion and related macroeconomic variables

Financial inclusion increases savings, promotes investment and the expansion of the domestic market, and consequently favors economic growth. In this work, the evolution of a set of indicators of financial inclusion is analyzed simultaneously with a group of macroeconomic variables. The methodology...

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Detalles Bibliográficos
Autores: Orazi, Sofia, Martinez, Lisana Belén, Vigier, Hernan Pedro, Guercio, María Belén
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2020
País:Argentina
Institución:Consejo Nacional de Investigaciones Científicas y Técnicas
Repositorio:CONICET Digital (CONICET)
Idioma:inglés
OAI Identifier:oai:ri.conicet.gov.ar:11336/127012
Acceso en línea:http://hdl.handle.net/11336/127012
Access Level:acceso abierto
Palabra clave:ASIAN TIGERS
EUROPE
FINANCIAL INCLUSION
LATIN AMERICA
SELF-ORGANIZING MAPS
https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
Descripción
Sumario:Financial inclusion increases savings, promotes investment and the expansion of the domestic market, and consequently favors economic growth. In this work, the evolution of a set of indicators of financial inclusion is analyzed simultaneously with a group of macroeconomic variables. The methodology applied is a particular type of neural network, called Self Organizing Maps (SOM). The data is for the years 2011, 2014 and 2017 including data from 37 countries belonging to three great regions: Latin America, Europe and Asia. The results show that there are five groups of countries with similar characteristics of financial inclusion and macroeconomic indicators, nonetheless, there are countries that move through different groups over the years studied. Also, there is evidence that the macroeconomic variables are related with the levels of financial inclusion; those countries with great GDP per capita, higher education and employment, present better levels of financial inclusion.