Investigating the Determinants of Financial Inclusion in BRICS Economies: Panel Data Analysis Using Fixed-Effect and Cross-Section Random Effect

The current research empirically analyses the determinants of financial inclusion (FI) for BRICS (Brazil, Russia, India, China and South Africa) nations using no. depositors Automated Teller Machines/user as dependent variables, a proxy FI from 2004 to 2019. study employs fixed-effect, cross-section random-effect simple panel least square techniques determine different countries. empirical findings fixed effect random highlight that population internet users affirmatively significantly influence FI. Simple analysis indicates domestic credit finance sector, population, bank branches positively in these economies. Gross product (GDP) private sector (DCPS) inversely affected Results second measure (ATM per user) show exchange rate GDP influences These will induce policymakers take corrective actions by considering significant factors boost respective