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BANKING & FINANCE

Role of financial literacy in achieving financial inclusion: A review, synthesis and research agenda

ORCID Icon, &
Article: 2034236 | Received 01 Jun 2021, Accepted 19 Dec 2021, Published online: 20 Feb 2022

Figures & data

Table 1. Previous reviews and their respective approaches

Table 2. Research questions and their mapping with objectives

Table 3. Criteria for inclusion and exclusion of studies

Figure 1. Phase 2: Automated search process.

Figure 1. Phase 2: Automated search process.

Figure 2. Phase 3: Manual search process.

Figure 2. Phase 3: Manual search process.

Figure 3. Bubble chart of topics and venues (RQ1(a)).

Figure 3. Bubble chart of topics and venues (RQ1(a)).

Figure 4. Top five paper areas per year (RQ1(b)).

Figure 4. Top five paper areas per year (RQ1(b)).

Figure 5. Total number of methodological approaches in this SMS (RQ2(a)).

Figure 5. Total number of methodological approaches in this SMS (RQ2(a)).

Table 4. Methodological approaches

Figure 6. Methodological approaches per year (RQ2(b)).

Figure 6. Methodological approaches per year (RQ2(b)).

Figure 7. Methodological analysis types (RQ2(c)).

Figure 7. Methodological analysis types (RQ2(c)).

Table 5. Theories used in FL&FI literature

Figure 8. Method types per year (RQ3(c)).

Figure 8. Method types per year (RQ3(c)).

Figure 9. Bibliographic coupling of journals (RQ4(a)).

Figure 9. Bibliographic coupling of journals (RQ4(a)).

Figure 10. Breakdown of countries in the SMS (RQ5(a)).

Figure 10. Breakdown of countries in the SMS (RQ5(a)).

Figure 11. The bibliographic coupling of documents by countries (RQ5(b)).

Figure 11. The bibliographic coupling of documents by countries (RQ5(b)).

Figure 12. Most cited papers as per Scopus, Google Scholar, and WOS (RQ6(a)).

Figure 12. Most cited papers as per Scopus, Google Scholar, and WOS (RQ6(a)).

Figure 13. Dominant papers within economics and finance (RQ6(c)).

Figure 13. Dominant papers within economics and finance (RQ6(c)).

Figure 14. Dominant papers within sociology.

Figure 14. Dominant papers within sociology.

Figure 15. Co-citations network (RQ6(d)).

Figure 15. Co-citations network (RQ6(d)).

Figure 16. Bibliographical coupling of documents (RQ6(e)).

Figure 16. Bibliographical coupling of documents (RQ6(e)).

Figure 17. Citations count of authors based on scopus, h-index, and google scholar (RQ7(a)).

Figure 17. Citations count of authors based on scopus, h-index, and google scholar (RQ7(a)).

Figure 18. Co-authorship of authors (RQ7(b)).

Figure 18. Co-authorship of authors (RQ7(b)).

Figure 19. Co-citations of cited authors (RQ7(c)).

Figure 19. Co-citations of cited authors (RQ7(c)).

Figure 20. Bibliographic coupling of authors (RQ7(d)).

Figure 20. Bibliographic coupling of authors (RQ7(d)).

Figure 21. Keywords co-occurrence network (RQ8(a)).

Figure 21. Keywords co-occurrence network (RQ8(a)).

Figure 22. Year-wise documents of our SMS (RQ9(a,b&c)).

Figure 22. Year-wise documents of our SMS (RQ9(a,b&c)).

Figure 23. Conceptual framework of role of FL in FI with other factors.

Figure 23. Conceptual framework of role of FL in FI with other factors.

Table 6. Themes and sub-themes formed for content analysis