IDEAS home Printed from https://ideas.repec.org/a/vrs/mtrbid/v43y2021i3p328-336n9.html
   My bibliography  Save this article

Financial Inclusion in the Context of Sustainable Development of Rural Areas

Author

Listed:
  • Abramova Iryna

    (Assoc. Prof. Dr. Polissia National University, Old Boulevard 7, Zhytomyr, Zhytomyr region, 10008, Ukraine. Phone No. +380968766380.)

  • Nedilska Larysa

    (Assoc. Prof. Dr. Polissia National University, Old Boulevard 7, Zhytomyr, Zhytomyr region, 10008, Ukraine.)

  • Kurovska Nataliia

    (Assoc. Prof. Dr. Polissia National University, Old Boulevard 7, Zhytomyr, Zhytomyr region, 10008, Ukraine.)

  • Martynyuk Halyna

    (PhD Polissia National University, Old Boulevard 7, Zhytomyr, Zhytomyr region, 10008, Ukraine.)

Abstract

Financial inclusion is a means to make full use of financial services, which stimulates the introduction of innovation, mobilization of savings and investment support, and thus contributes to the economic development of territories. The purpose of the study is to substantiate scientific and practical approaches to determining the role and place of financial inclusion in sustainable development of rural areas. The state of financial inclusion in rural areas has been assessed having applied the statistical-economic and calculation-constructive methods. The abstract-logical method made it possible to prove the positive impact of financial inclusion on the sustainable development of rural areas and to offer proposals for its further advancement. It has been argued that the key tasks of financial inclusion in the context of sustainable development of rural areas are financial education, access to financial services, and protection of the rights of consumers of financial services.

Suggested Citation

  • Abramova Iryna & Nedilska Larysa & Kurovska Nataliia & Martynyuk Halyna, 2021. "Financial Inclusion in the Context of Sustainable Development of Rural Areas," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 43(3), pages 328-336, September.
    • Handle: RePEc:vrs:mtrbid:v:43:y:2021:i:3:p:328-336:n:9
    DOI: 10.15544/mts.2021.29
    as

    Download full text from publisher

    File URL: https://doi.org/10.15544/mts.2021.29
    Download Restriction: no
    File URL: https://libkey.io/10.15544/mts.2021.29?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Allen, Franklin & Demirguc-Kunt, Asli & Klapper, Leora & Martinez Peria, Maria Soledad, 2016. "The foundations of financial inclusion: Understanding ownership and use of formal accounts," Journal of Financial Intermediation, Elsevier, vol. 27(C), pages 1-30.
    2. Altman, Morris, 2014. "Cooperative organizations as an engine of equitable rural economic development," Working Paper Series 18854, Victoria University of Wellington, School of Economics and Finance.
    3. Ozili, Peterson K, 2020. "Optimal financial inclusion," MPRA Paper 101808, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ongo Nkoa, Bruno Emmanuel & Song, Jacques Simon, 2020. "Does institutional quality affect financial inclusion in Africa? A panel data analysis," Economic Systems, Elsevier, vol. 44(4).
    2. Serigne Bassirou Lo & Lassana Cissokho, 2023. "Financial development, institutions and industrialization in sub‐Saharan Africa," African Development Review, African Development Bank, vol. 35(2), pages 152-164, June.
    3. Lu, Weijie & Niu, Geng & Zhou, Yang, 2021. "Individualism and financial inclusion," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 268-288.
    4. Bose, Sudipta & Saha, Amitav & Khan, Habib Zaman & Islam, Shajul, 2017. "Non-financial disclosure and market-based firm performance: The initiation of financial inclusion," Journal of Contemporary Accounting and Economics, Elsevier, vol. 13(3), pages 263-281.
    5. Emon Kalyan Chowdhury & Rupam Chowdhury, 2024. "Role of Financial Inclusion in Human Development: Evidence from Bangladesh, India and Pakistan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3329-3354, March.
    6. Grohmann, Antonia & Klühs, Theres & Menkhoff, Lukas, 2018. "Does financial literacy improve financial inclusion? Cross country evidence," World Development, Elsevier, vol. 111(C), pages 84-96.
    7. Caroline PERRIN & Laurent WEILL, 2021. "No Men, No Cry? How Gender Equality in Access to Credit Enhances Financial Stability," Working Papers of LaRGE Research Center 2021-02, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    8. Rouse, Marybeth & Verhoef, y Grietjie, 2017. "Mobile banking in Sub-Saharan Africa: setting the way towards financial development," MPRA Paper 78006, University Library of Munich, Germany.
    9. Sezard Timbi & Mohammadou Nourou & Zedou Abdala, 2024. "Governance Mediates the Effect of Remittances on Financial Inclusion in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2874-2894, March.
    10. Simplice A. Asongu & Amarachi O. Ogbonna & Mariette C. N. Mete, 2024. "Marriage as an argument for energy poverty reduction: the moderating role of financial inclusion," Working Papers of the African Governance and Development Institute. 24/031, African Governance and Development Institute..
    11. Ozili, Peterson K, 2020. "Financial inclusion: a strong critique," MPRA Paper 101813, University Library of Munich, Germany.
    12. Mohammed Ait Lahcen & Pedro Gomis‐Porqueras, 2021. "A Model of Endogenous Financial Inclusion: Implications for Inequality and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(5), pages 1175-1209, August.
    13. Damane, Moeti & Ho, Sin-Yu, 2024. "Effects of financial inclusion on financial stability: evidence from ssa countries," MPRA Paper 120238, University Library of Munich, Germany.
    14. Julia Bersch & Jean François Clevy & Naseem Muhammad & Mrs. Esther Perez Ruiz & Mr. Yorbol Yakhshilikov, 2021. "Fintech Potential for Remittance Transfers: A Central America Perspective," IMF Working Papers 2021/175, International Monetary Fund.
    15. Zhang, Lifeng & Chao, Xiangrui & Qian, Qian & Jing, Fuying, 2022. "Credit evaluation solutions for social groups with poor services in financial inclusion: A technical forecasting method," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    16. Fungáčová, Zuzana & Hasan, Iftekhar & Weill, Laurent, 2019. "Trust in banks," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 452-476.
    17. Rahmanda Muhammad Thaariq & Arif Anindita & Hafizha Dea Iftina, 2021. "The Internet Miracle: The Impact Of Internet Access On Household Saving In Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 24(2), pages 255-282, June.
    18. Léon, Florian & Zins, Alexandra, 2020. "Regional foreign banks and financial inclusion: Evidence from Africa," Economic Modelling, Elsevier, vol. 84(C), pages 102-116.
    19. Franklin Allen & Elena Carletti & Robert Cull & Jun QJ Qian & Lemma Senbet & Patricio Valenzuela, 2021. "Improving Access to Banking: Evidence from Kenya [A matter of experience? Understanding the decline in group lending]," Review of Finance, European Finance Association, vol. 25(2), pages 403-447.
    20. Ghosh, Saibal, 2021. "How important is trust in driving financial inclusion?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).

    More about this item

    Keywords

    financial education; financial inclusion; financial literacy; financial service; payment infrastructure; rural areas; rural development;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:mtrbid:v:43:y:2021:i:3:p:328-336:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.