LATEST PUBLICATIONS
DP 2017-38
What Determines Financial Inclusion in the Philippines? Evidence from a National Baseline Survey
DP 2017-37
Assessment of Planning and Programming for Capital Projects at the National and Agency Levels
DP 2017-36
Social Protection and Access to Health Care among Children in the Philippines
DP 2017-35
Assessment of Agribusiness Venture Arrangements and Sugarcane Block Farming for the Modernization of Agriculture
Featured Publication

What Determines Financial Inclusion in the Philippines? Evidence from a National Baseline Survey

Llanto, Gilberto M. Rosellon, Maureen Ane D.


This paper contributes to the literature on financial inclusion in the Philippines by examining three key financial services, namely, savings, credit, and insurance, and identifying individual socioeconomic characteristics that are associated with access to these financial services. Financial inclusion is also analyzed in the context of four geographical areas in the Philippines--National Capital Region, balanced Luzon, Visayas, and Mindanao--which provides more insights and a better understanding of financial inclusion. Using data collected from the national baseline survey of financial inclusion, estimation results indicate that sociodemographic characteristics such as age, sex, civil status, education, employment, and income are associated significantly with accessing various financial products and services. Findings also suggest similarities in the socioeconomic profiles of users and nonusers of financial services in the four geographic areas, while differences appear to be related to the presence of banks and other formal financial institutions. These results provide useful inputs to policy and strategies for attaining inclusive finance.


DP 2017-37  Assessment of Planning and Programming for Capital Projects at the National and Agency Levels
DP 2017-36  Social Protection and Access to Health Care among Children in the Philippines
DP 2017-35  Assessment of Agribusiness Venture Arrangements and Sugarcane Block Farming for the Modernization of Agriculture
DP 2017-34  The Comprehensive Agrarian Reform Program after 30 Years: Accomplishments and Forward Options
DP 2017-33  HIV/AIDS Knowledge and Sexual Behavior of Female Young Adults in the Philippines
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