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The Impact of Financial Inclusion on Household Health Expenditures in Africa

Ofeh Edoh (), Tii Nchofoung () and Ofeh Anchi ()
Additional contact information
Ofeh Edoh: University of Dschang, Cameroon
Ofeh Anchi: University of Bamenda, Cameroon

Authors registered in the RePEc Author Service: Marilyn Edoh Ofeh ()

No 21/080, Working Papers from European Xtramile Centre of African Studies (EXCAS)

Abstract: This study examines the impact of financial inclusion on household health expenditure in 17 African countries. It argues that financial inclusion is an active influencer of individuals’ health demand and that Gross Domestic Product (GDP) per capita and voluntary health insurance schemes tend to be active transmission channels through which financial inclusion affects household health expenditures. The study used an instrumental variable (2SLS) technique for the analysis over a period from 2008 to 2017.Results from the study show that being financially included leads to increase household health expenditures. Suggestions for policy emerging from this study to governments in Africa are on the aspect of fostering financial inclusion to a wider population alongside enhancing the Universal Health Coverage (UHC) plan to ease the burden of out-of-pocket payments on households.

Keywords: Financial inclusion; Health expenditure; Out-of-pocket (OOP) payments; 2SLS (search for similar items in EconPapers)
JEL-codes: C23 G15 I13 (search for similar items in EconPapers)
Pages: 25
Date: 2021-01
New Economics Papers: this item is included in nep-afr, nep-fle, nep-ias and nep-isf
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http://publications.excas.org/RePEc/exs/exs-wpaper ... itures-in-Africa.pdf Revised version, 2021 (application/pdf)

Related works:
Working Paper: The Impact of Financial Inclusion on Household Health Expenditures in Africa (2021) Downloads
Working Paper: The Impact of Financial Inclusion on Household Health Expenditures in Africa (2021) Downloads
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