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

Kais Tissaoui, Abdelaziz Hakimi and Taha Zaghdoudi ()
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Kais Tissaoui: University of Ha’il
Abdelaziz Hakimi: University of Jendouba
Taha Zaghdoudi: IHEC Carthage

Palgrave Communications, 2024, vol. 11, issue 1, 1-14

Abstract: Abstract 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.

Date: 2024
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DOI: 10.1057/s41599-024-03048-8

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