An exploration of the relationship between financial innovation and financial inclusion based on econometric modelling

Abstract

The purpose of this paper is to explore the relationship between financial innovation and financial inclusion and to conduct an empirical analysis using an econometric modelling approach. By collecting relevant data and applying econometric models, the impact of financial innovation on financial inclusion is investigated. The findings show that financial innovation can promote financial inclusion, including lowering barriers in financial markets and expanding the coverage of financial services. This is important for promoting economic development, reducing poverty and improving the stability of the financial system.