Table 2.
Variables.
| Block | Dimension | Variable indicator | Symbol | Source |
|---|---|---|---|---|
| Financial Inclusion | Dimensions (1) Accessibility | Number of banking offices divided by the adult population | FindexD1 | OJK and BPS |
| Dimension (2) Availability | Number of deposit accounts in the bank divided by the adult population | FindexD2 | OJK and BPS | |
| Dimensions (3) Usability | Proportion of credit and deposits towards GRDP | FindexD3 | OJK and BPS | |
| Macroeconomy | Economic growth (percent) | LnGRDP | BPS | |
| Education budget (billion rupiahs) transform to logarithm natural | LnEduc | |||
| Infrastructure budget (billion rupiahs) transform to logarithm natural | LnInfrasc | |||
| Unemployment (percent) | Unemp | |||
| Poverty & Inequality | Poverty level (percent) | POV | ||
| Gini Index (index) | IGini | |||
Source: Processed Data, 2018