Abstract
Financial inclusion is defined as access and active use of official borrowing, saving, payment, insurance, investment tool and services with affordable cost by individuals and companies that excluded from financial system. In the literature, this issue is dealt with in the form of index development for countries or examination of components of financial participation. In this research, three main components, financial instrument ownership, active use of financial instruments and financial exclusion, are examined and the effects of individual characteristics and financial behaviors on these components are investigated using the Logit model. Data resource of this study is World Bank’s Global Findex – 2017 survey. According to the findings obtained from the study, it has been determined that the individual's workforce is the basic condition for financial participation. Also it is established that increasing education level has positive effect on financial inclusion. It has been seen that using formal financial instruments has positive effect at different magnitude on financial inclusion, on the other hand using cash is still effective. It has been determined that distrust to financial institutions, being in the poor income batch, and having one of the family member have financial instrument reduce financial inclusion.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
