Remittances and Financial Inclusion: Does Financial Development Matter?

Jude Eggoh () and Chrysost Bangaké
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Jude Eggoh: GRANEM, University of Angers & FASEG, University of Abomey-Calavi

Economics Bulletin, 2021, vol. 41, issue 2, 374-386

Abstract: This study provides new evidence on the relationship between remittances and financial inclusion using generalized methods of moments (GMM) and panel threshold regressions (PTR). The sample consists of 64 developing countries over the period 2004-2017. The empirical results suggest that remittances improve financial inclusion, and the relationship between both variables is nonlinear, with respect to financial development. These findings are supported by PTR estimations, that confirm positive and significant relationship between remittances and financial inclusion below a given threshold of financial development. Beyond this threshold, remittances and financial inclusion nexus is not significant. These results have some policy implications.

Keywords: Remittances; financial inclusion; financial development; GMM; PTR (search for similar items in EconPapers)
JEL-codes: E2 F3 (search for similar items in EconPapers)
Date: 2021-04-09
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Remittances and financial inclusion: Does financial developemnt matter? (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-00655

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