Can financial inclusion enhance human development? Evidence from low- and middle-income countries

Bibliographic Data

ID22230660
AuthorsKais Tissaoui (0000-0001-5504-0489, University of Ha'il), Abdelaziz Hakimi (0000-0003-2715-0239, University of Jendouba), Taha Zaghdoudi (0000-0002-4488-5774, University of Carthage, corresponding author)
Year2024
Volume11
Issue1
Publication date2024-05-06
Open AccessYes
TypeARTICLE
VenueHumanities and Social Sciences Communications (JOURNAL)
Journal identifiersISSN: 2662-9992 • E-ISSN: 2662-9992
PublisherSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1057/s41599-024-03048-8
OpenAlexW4396669044
LanguageEN
Citations received5
References cited40

The purpose of this study is to determine if financial inclusion in low-, lower-middle-, and upper-middle-income nations promotes human development. Our aim was accomplished by employing an empirical technique of using the System Generalized Method of Moments (SGMM) and dynamic threshold panel (DTP) data on a sample of 79 nations between 2000 and 2017. Three sub-samples representing low-, lower-, and upper-middle-income nations were created from the entire sample. In general, lower- and upper-middle-income nations’ human development is positively impacted by financial inclusion, according to SGMM empirical studies. Furthermore, the DTP method’s results show that there is a threshold impact for both human development and financial inclusion. The degree of human development in upper-middle-income and lower-middle-income countries is greatly raised by financial inclusion, whether the threshold is met or beyond

Business · Demographic economics · Developing country · Economic growth · Economics · Financial inclusion · Financial services · Financial system · Low and middle income countries · Low income · Social science · Sociology · Economic Growth and Development · Financial Literacy, Pension, Retirement Analysis · Microfinance and Financial Inclusion · Finance

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Open DOIOpen Access