پیوندهای مفید
اخبار و اعلانات
آمار
| تعداد نشریات | 158 |
| تعداد شمارهها | 6,240 |
| تعداد مقالات | 67,871 |
| تعداد مشاهده مقاله | 115,440,755 |
| تعداد دریافت فایل اصل مقاله | 90,210,472 |
Financial Inclusion and Human Development in OIC Member Countries: Evidence from Panel Quantile Regression Method | ||
| Iranian Economic Review | ||
| دوره 27، شماره 2، مهر 2023، صفحه 377-404 اصل مقاله (847.12 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2023.318255.1007100 | ||
| نویسندگان | ||
| Kabiru Kamalu* 1؛ Wan Hakimah Binti Wan Ibrahim2 | ||
| 1Department of Economics, College of Social and Management Science, Al-Qalam University Katsina, Kastina, Nigeria. | ||
| 2Faculty of Business and Management, University Sultan Zainal Abidin, Kastina, Malaysia. | ||
| چکیده | ||
| The Organization of Islamic Cooperation (OIC) member countries have the lowest human development index (0.63) compared with the world average (0.73) and developing countries average (0.68). However, the level of human development varies among the member countries, with the majority of the members categorized under low and medium levels of human development. To explore more information about the effect of financial inclusion on human development across different levels of human development in OIC countries, this study used panel quantile regression to examine the effect of financial inclusion on low, medium, high, and very high human development levels of OIC countries. The results revealed that financial inclusion promotes higher human development in countries with medium human development, because of an increase in income and investment in countries that move from low-income level to medium-income status. Institutions are found to promote higher human development in countries with high and very high human development and negatively affect human development in countries with low and medium human development levels. Also, remittance inflows have a positive effect on human development across all levels of human development but stronger in countries at lower levels of human development. Thus, policymakers in OIC should formulate policies that will promote financial inclusion in low- and meddle-income countries to achieve higher human development. In addition, policymakers should revitalize institutions, especially in countries with low and medium human development levels. Also, the cost of sending remittances into OIC should be reduce to attract more remittances into the member countries. | ||
| کلیدواژهها | ||
| Capability Approach؛ Financial Inclusion؛ Human Development؛ OIC Member Countries؛ Panel Quantile Regression | ||
| مراجع | ||
|
Ababio, J. O.-M., Attah-Botchwey, E., Osei-Assibey, E., & Barnor, C. (2020). Financial Inclusion and Human Development in Frontier Countries. International Journal of Finance and Economics, 26(1), 42-59.
Bagolin, I. P., & Comim, F. V. (2008). Human Development Index ( HDI ) and Its Family Of Indexes: An Evolving Critical Review. Revista de Economia, 34(2), 7–28.
Beck, T., Demirguc-Kunt, A., & Martinez Peria, M. S. (2007). Reaching out: Access to and Use of Banking Services Across Countries. Journal of Financial Economics, 85(1), 234–266.
COMCEC. (2018). Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC ) Poverty Outlook 2018 (Issue October).
Comim, F. (2016). Beyond the HDI? Assessing Alternative Measures of Human Development from a Capability Perspective. UNDP, 2016, 1-34.
Datta, S. K., & Singh, K. (2019a). Variation and Determinants of Financial Inclusion and Association with Human Development: A Cross Country Analysis. IIMB Management Review, 34(4), 336-349.
Datta, S. K., & Singh, K. (2019b). Variation and Determinants of Financial Inclusion and their Association with Human Development: A Cross-Country Analysis. IIMB Management Review, 31(4), 336–349.
Demetriades, P., & Law, S. H. (2006). Finance , Institutions and Economic Development. IInternational Journal of Finance and Economics, 260(11), 245–260.
Demirgüç-Kunt, A., Klapper, L., Singer, D., Ansar, S., & Hess, J. (2017). The Global Findex Database: Measuring Financial Inclusion and the Fintech Revolution. The World Bank Economic Review, 34(Supplement), 1-7.
Habibi, F., & Karimi, M. S. (2017). Foreign Direct Investment and Economic Growth: Evidence from Iran and GCC. Iranian Economic Review, 21(3), 601–620.
Hemmati, A., Niakan, L., & Varahrami, V. (2018). The External Determinants of Inflation: The case of Iran. Iranian Economic Review, 22(3), 741–752.
Ibrahim, S. S., Ozdeser, H., & Cavusoglu, B. (2018). Financial inclusion As A Pathway to Welfare Enhancement and Income Equality: Micro-Level Evidence from Nigeria. Development Southern Africa, 0(0), 1–18.
Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics, 115(1), 53–74.
Kamalu, K., & Ibrahim, W. H. B. W. (2020). How Does The Islamic Banking Development Spur Financial Inclusion In OIC Member Countries? 3(1), 170–185.
Kamalu, K., Wan Ibrahim, W. H. B., Ahmad, A. U., & Mustapha, U. A. (2019). Causal Link between Financial Developments, Financial Inclusion and Economic Growth in Nigeria. International Journal of Scientific and Technology Research, 8(12), 2757–2763.
Kim, M., Zoo, H., Lee, H., & Kang, J. (2017). Mobile , Financial Inclusion and Development : A Critical Review of Academic Literature. The Electronic Journal of Information Systems in Developing Countries, 84(5), 1-29.
Koenker, R., & Bassett, G. (1978). Regression Quantiles. Econometrica, 46(1), 33-50.
Kuri, P. K., & Laha, A. (2017). Financial Inclusion and Human Development in India: An Inter-State Analysis. Indian Journal of Human Development, 5(1), 61–77.
Li, L. (2018). Financial Inclusion and Poverty: The Role of Relative Income. China Economic Review, 52(1), 165–191.
Maddala, G. S., & Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test. Oxford Bulletin of Economics and Statistics, 61(51), 631-652.
Matekenya, W., Moyo, C., & Jeke, L. (2020). Financial Inclusion And Human Development: Evidence from Sub-Saharan Africa. Development Southern Africa, 0(0), 1–18.
Nanda, K., & Kaur, M. (2016). Financial Inclusion and Human Development: A Cross-Country Evidence. Management and Labour Studies, 38, 201–223.
Neuberger, G., Wirth, G., & Reis, R. (2014). Normality Tests. Protecting Chips Against Hold Time Violations Due to Variability, 1, 69–75.
Nussbaum, M. C. (2000). Women and Human Development: The Capabilities Approach (1st Ed.). Cambridge: Cambridge University Press.
Park, C. -Y., & Mercado, R. (2017). Financial Inclusion, Poverty, and Income Inequality. The Singapore Economic Review, 63(1), 185–206.
Pesaran, M. H. (2007). A Simple Panel Unit Root Test in The Presence of Cross-Section Dependence. Journal of Applied Econometrics, 22, 265–312.
Raichoudhury, A. (2016). Financial Inclusion & Human Development: A Cross Country Analysis. Asian Journal of Business Research, 6(1), 34–48.
Rapoport, H., & Docquier, F. (2005). The Economics of Migrants’ Remittances. Handbook of the Economics of Giving, Altruism and Reciprocity, 2, 1135-1198.
Sarma, M., & Pais, J. (2010). Financial Inclusion and Development. Journal of International Development, 23(2010), 613–628.
Sen, A. (1989). Human Development as Capability Expansion. In S. Fakuda-Parr and S. Kumar (Eds.), Readings on Human Development: Concepts, Measures and Policies for a Development Paradigm (2nd Ed.). Oxford: Oxford University Press.
SESRIC. (2019). Oic Economic Outlook 2019: Mobilizing Financial Resources for Development. Retrieved from http://www.comcec.org/en/wp-content/uploads/2019/11/3-Outlook-2019-EN.pdf
Sharma, P. (2014). A Study of the Impact of Financial Inclusion in Rural Development. Indore: Prestige Institute of Management and Research.
Tugcu, C. T. (2018). Panel Data Analysis in the Energy-Growth Nexus. Panel Unit Root, 2000, 1–23.
Uddin, M. A., & Masih, M. (2015). Finance, Growth and Human Development: An Islamic Economic Development Perspective. Munich Personal RePEc Archive (MPRA), 65818, 1-35.
UNDP. (1990). Human Development Report 1990. Retrieved from https://hdr.undp.org/content/human-development-report-1990
UNDP. (2018). Organization of Islamic Cooperation (OIC): Statistical Briefing Based on the 2018 Human Development Report. Retrievved from https://hdr.undp.org/content/statistical-update-2018
UNDP. (2019). Human Development Report 2019: Beyond Income, Beyond Averages, Beyond Today. Retrieved from http://hdr.undp.org/sites/default/files/hdr2019.pdf
Wang, X., & Guan, J. (2017). Financial Inclusion: Measurement, Spatial Effects and Influencing Factors. Applied Economics, 49(18), 1751–1762.
World Bank. (2018). Poverty and Shared Prosperty: Piecing Together the Poverty Puzzle. Retrieved from https://doi.org/10.1596/978-1-4648-1330-6
Xu, R., Xu, L., & Xu, B. (2017). Assessing CO2 Emissions in China’s Iron and Steel Industry: Evidence from Quantile Regression Approach. Journal of Cleaner Production, 152, 259–270. | ||
|
آمار تعداد مشاهده مقاله: 130 تعداد دریافت فایل اصل مقاله: 155 |
||