Financial inclusion in Ecuador: a post-pandemic approach with spatial econometrics

Authors

DOI:

https://doi.org/10.31637/epsir-2024-1710

Keywords:

Financial inclusion, spatial econometrics, banking services, banking channels, microeconomic factors, regional economy, post-pandemic, Ecuador

Abstract

Introduction: This study analyses financial inclusion in Ecuador in the post-pandemic period, assessing the impact of microeconomic variables on access to financial services. Methodology: A spatial econometric approach was used, analysing data from the Registro Estadístico de Empresas and the Superintendencia de Bancos de Ecuador. Variables such as the number of firms and wages were examined in relation to the use of financial services. Results: The results revealed a significant positive relationship between business activity and access to financial services, indicating that an increase in the number of firms increases the demand for services. Remuneration also has a positive influence, although less uniformly. Discussion: These findings are consistent with previous research in other regions, highlighting the importance of socio-economic and geographic factors in financial inclusion. The need for regionally tailored public policies is key to promoting greater inclusion. Conclusions: The study concludes that policies that foster business growth and wage equity are essential to improve financial inclusion in Ecuador. In addition, further research is recommended on the interaction of financial inclusion with other socio-economic variables, and the impact of public policies on electronic banking and Fintech channels.

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Author Biographies

Miguel Peñarreta, Universidad Técnica Particular de Loja

Professor and researcher at the Universidad Técnica Particular de Loja (UTPL). With a solid background in economics and finance, he specialises in intellectual capital management and its impact on the financial performance of organisations, especially in emerging economies. He has led and collaborated in several research projects focused on institutions in the banking industry in Ecuador.

Jorge Flores Chamba, Universidad Técnica Particular de Loja

Professor and researcher at the Universidad Técnica Particular de Loja (UTPL). Economist with training in spatial econometrics and with lines of research in regional development and economic growth.

Nelson Chavez Alvear, Universidad Técnica Particular de Loja

Professor and researcher at the Universidad Técnica Particular de Loja (UTPL). He has a strong background in corporate finance and his lines of research have focused on the valuation of companies in emerging economies. He has participated in several research projects focused on capital structure, risk and financial performance.

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Published

2024-12-04

How to Cite

Peñarreta, M., Flores Chamba, J., & Chavez Alvear, N. (2024). Financial inclusion in Ecuador: a post-pandemic approach with spatial econometrics. European Public & Social Innovation Review, 9, 1–20. https://doi.org/10.31637/epsir-2024-1710

Issue

Vol. 9 (2024)

Section

INNOVATING BUSINESS NARRATIVES: PERSUASION AND ADAPTATIONS TO THE NEW SOCIETY

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Copyright (c) 2024 Miguel Peñarreta, Jorge Flores Chamba, Nelson Chavez Alvear

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