Does institutional quality matter for financial inclusion? International evidence.
PLoS One
; 19(2): e0297431, 2024.
Article
em En
| MEDLINE
| ID: mdl-38306358
ABSTRACT
Financial inclusion is pivotal in supporting sustainable economic growth and social transformation. It is a key enabler for reducing poverty and uplifting prosperity. Improving financial inclusion has attracted significant attention from practitioners, academics, and governments. However, the asymmetric effect of institutional quality on financial inclusion contingent upon the income level has largely been neglected in the existing literature. As such, this study examines this asymmetric effect using the panel smooth transition regression for a sample of 110 countries globally from 2004 to 2020. Our empirical findings confirm the asymmetric effect of institutional quality on financial inclusion depending on the income level. Improved institutional quality is associated with extended financial inclusion in high-income and middle-income countries. However, low-income countries may not benefit from their institutional reform. Policy implications have emerged based on these empirical findings.
Texto completo:
1
Coleções:
01-internacional
Temas:
Fomentar_producao_conhecimento_especifico
Contexto em Saúde:
1_ASSA2030
Base de dados:
MEDLINE
Assunto principal:
Pobreza
/
Renda
Tipo de estudo:
Health_economic_evaluation
/
Prognostic_studies
Aspecto:
Determinantes_sociais_saude
Idioma:
En
Revista:
PLoS One
Ano de publicação:
2024
Tipo de documento:
Article