Does higher financial inclusion lead to better health outcomes? Evidence from developing and transitional economies

Banerjee, Rajabrata; Maruta, Admasu Asfaw; Donato, Ronald

doi:10.1111/ecot.12341

Cited by 8 publications

(3 citation statements)

References 66 publications

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“…Furthermore, recent research emphasises the impact of financial inclusion at the sectoral level. Banerjee et al (2023), for example, examine the impact of financial inclusion on health outcomes in 61 developing and transitional economies. A significant and positive effect of financial inclusion has been found to be associated with various health outcomes, such as life expectancy and infant mortality.…”

Section: Related Literaturementioning

confidence: 99%

Does financial inclusion empower women in Africa?

Maruta,

Edjigu,

Kassa

2023

Economic Notes

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This paper examines the effect of financial inclusion on women's empowerment. We contribute to the growing interest in financial inclusion effectiveness literature by conducting an empirical analysis of 42 African countries to examine the role of financial inclusion in empowering women. We also examine and compare the effectiveness of the three dimensions of financial inclusion viz. usage, access, and quality, and the first most influential indicators, based on their PCA score, of these dimensions. Our findings suggest that financial inclusion has a significantly positive effect on women's empowerment‐measured by females' human development index. Examining the relative importance of financial inclusion dimensions, we find access to financial services has a higher effect on women's empowerment. These results are robust to alternative measures of women's empowerment and financial inclusion, and alternative estimation procedures. We also find that the effect of financial inclusion on women's empowerment is higher in low and lower‐middle‐income countries compared with upper‐middle‐income countries in the region. This study provides evidence of one of the channels through which financial inclusion contributes to reducing gender inequality, and thereby enhancing economic development.

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Section: Related Literaturementioning

confidence: 99%

Does financial inclusion empower women in Africa?

Maruta,

Edjigu,

Kassa

2023

Economic Notes

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“…В исследовании [26] выяснено, что в развивающихся странах и странах с переходной экономикой финансовая доступность, как и уровень доходов населения, положительно влияет на ожидаемую продолжительность жизни и находится в отрицательной связи с коэффициентом младенческой смертности.…”

Section: финансовые технологии: факторы регионального проникновенияunclassified

Financial Technologies: Factors of Regional Penetration

Subrakova¹,

Zapykina²

2022

Bulletin of Udmurt University. Series Economics and Law

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The socio-economic development of countries and regions in the present and especially in the future will increasingly be determined by the prevalence of financial technologies (mobile banking, fast payment systems, personalized financing, insurance, investment, etc.). The benefits of fintech in the form of increased business activity, economic growth and welfare in general are realized to a greater extent in megacities and in countries with a high standard of living. The problems of developing countries and remote and sparsely populated regions are the low penetration of financial technologies and the growing digital divide. The consideration of fintech development factors showed the predominantly macroeconomic and political nature of the factors of direct impact on the process of spreading innovations in the financial sector. A comparative analysis of median incomes and the share of the population below the poverty line in Russia, a macroregion and a separate region showed their direct and inverse relationship with the level of penetration of financial technologies. Measures are proposed to increase incomes by paying an unconditional basic income to the population of remote villages and ensuring the availability of financial services to the population and businesses in regions with a low level of their development through state subsidies to mobile operators.

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“…Having grown from a little above 600 to above 3700 institutions (Lassoued, 2017), they are estimated to have provided loan facilities above US$125 billion to more than 200 million borrowers (Convergences, 2018; Hermes & Hudon, 2018). Microfinance institutions have also aided the access of poor households to savings and investment services earlier associated with traditional banks (Banerjee et al., 2023). Despite their growth and socio‐economic importance to low‐income clients especially in developing economies, their critical internal governance structure is observed to be non‐existent or weak (Bassem, 2013; CSFI, 2008; Mersland & Strøm, 2009).…”

Section: Introductionmentioning

confidence: 99%

Internal audit in microfinance institutions‐ evidence from transitional and developing economies

Omidiji,

Redmayne,

Ehalaiye

et al. 2023

Econ of Transit and Inst Chang

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Microfinance institutions (MFIs) are hybrid organisations that strive to balance business and social goals. This paper examines the determinants of the internal audit (IA) function in MFIs, with particular emphasis on the business goals, specifically efficiency, productivity, regulation and the gross portfolio yield. We also investigate whether the establishment of an IA function is associated with MFI's focus on their social objectives relating to outreach, and women director appointments. Multivariate regression results from 1025 MFIs across 63 countries show that MFIs' focus on their social objectives is related to their propensity to establish an IA function. Thus, outreach and women director appointments are positively related to the establishment of an IA function. Similarly, in terms of the performance emphasis, the gross portfolio yield (inefficiency) increases (decreases) the likelihood of establishing an IA, but productivity and regulation have no effect. The findings suggest that MFIs' dual focus on social and business objectives impacts the establishment of internal audits. The results are robust to various measurements and estimations.

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Does higher financial inclusion lead to better health outcomes? Evidence from developing and transitional economies

Cited by 8 publications

References 66 publications

Does financial inclusion empower women in Africa?

Does financial inclusion empower women in Africa?

Financial Technologies: Factors of Regional Penetration

Internal audit in microfinance institutions‐ evidence from transitional and developing economies

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