A regional Kohonen map of financial inclusion and related macroeconomic variables

ORAZI, SOFÍA; MARTÍNEZ, LISANA BELÉN; VIGIER, HERNÁN PEDRO; GUERCIO, MARÍA BELÉN

ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH

ACAD ECONOMIC STUDIES

Lugar: Bucharest; Año: 2020 vol. 2020

0424-267X

Financial inclusion increases savings, promotes investment andthe expansion of the domestic market, and consequently favors economic growth.In this work, the evolution of a set of indicators of financial inclusion is analyzedsimultaneously with a group of macroeconomic variables. The methodologyapplied 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 countriesbelonging to three great regions: Latin America, Europe and Asia.The results show that there are five groups of countries with similarcharacteristics 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 offinancial inclusion; those countries with great GDP per capita, higher educationand employment, present better levels of financial inclusion.