International Remittances and Human Development in Developing Countries: A Panel Quantile Regression Via Moment Approach

Kamalu, Kabiru; Ibrahim, Wan Hakimah Binti Wan

doi:10.25115/eea.v40i1.5577

Cited by 4 publications

(17 citation statements)

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“…The ndings explain that better institutions promote e cient allocation of nancial resources, protect property rights, rule of law and improve regulatory quality, hence, encourages nancial institutions to open branches and ATMs centres even in remote localities, increases investment in nancial infrastructures and increase the domestic credit to private sectors. These will propel economic activities, increases income, capital formation, investments, employments, consequently, higher human development (Dutta & Meierrieks, 2021;Kamalu & Wan Ibrahim, 2021). However, the insigni cant coe cient of interaction in model 6 indicates low effect of institutions when LBC was use in DOLS model.…”

Section: Resultsmentioning

confidence: 99%

“…Providing affordable nance to individuals and rms hitherto outside the nancial system, will boost economic activities, promote capital formation and investments, human capital development, employments, income, growth and development (Kamalu & Ibrahim, 2021). Thus, to achieve a wellfunctioning economy, formal nancial products and services should be made available and accessible to all, especially the productive sectors of the economy and individuals with innovative ideas (Ababio et al, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…of resources, curve mismanagement, control corruption, promote impartial application of rule of law and regulatory laws(Kamalu & Ibrahim, 2021;McNeill, 2007;Stewart et al, 2018). The institutional This study expects that institutional quality will promote human development in developing countries.…”

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confidence: 96%

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Relationship Between Access to Finance and Human Development in Developing Countries: Does Institutional Quality Matters?

Kamalu

Ibrahim

2023

Preprint

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Access to finance plays an important role in boosting economic activities, human capital development and access to health care, which promote human well-being. this study examines the heterogenous relationship between access to finance and human development in 21 developing countries, from 1996 to 2020. The study uses group-mean FMOLS and DOLS estimators with deterministic trend. The results show that the three proxies of access to finance promote long run human development in developing countries, but the effect of number of ATMs per 100,000 people is higher than that of number of commercial bank branches and domestic credit to private sector. The result also show that institutional quality matters as it enhances the positive effect of access to finance on human development for all the three proxies of access to finance. Government spending, Institutional quality and FDI found to promote human development in the long run. To promote sustainable human development, policymakers should pursue policies, programs and incentives that motivate commercial banks to establishes more branches and ATMs not only in urban centres but also in villages and remote locations. JEL: G20; O15; O17; O50

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Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Relationship Between Access to Finance and Human Development in Developing Countries: Does Institutional Quality Matters?

Kamalu

Ibrahim

2023

Preprint

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“…The literature argues that migration and remittance have significant positive long-term effects. Interestingly, remittance contributes positively to human development [ 18 , 19 , 29 , 32 , 33 ]. In Sri Lanka, remittance is a significant predictor of human capital formation.…”

Section: Literature Reviewmentioning

confidence: 99%

Well-being effect of international migration and remittance on human and gender development in South Asian countries

Nasrin,

Haider,

Ahsan

2024

PLoS ONE

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This study investigates the well-being effect of international migration and remittance on human and gender development in selected South Asian countries. The study has adopted panel regression analysis using secondary data from the World Development Indicators and United Nations Development Programme. This database contains information on seven South Asian countries from 1995 to 2020. The study simultaneously applied the Levin-Lin-Chu, Breitung and IM-Pesaran unit root tests to check the stationarity of data. After satisfying the condition, econometric models such as Fixed and Random Effects were executed. Pesaran’s test of cross-sectional independence, the Westerlund test for cointegration and VIF tests were performed in order to check the robustness of the results. As a post-diagnostic tool, the Hausman test suggests that the Fixed Effect models are appropriate for each estimation. The results demonstrate that personal remittance positively and significantly affects human and gender development. Similarly, international migration significantly influences human development while negatively affecting gender development. The study suggests that these countries should prioritize attaining higher remittances by sending more international migrants. Similarly, the provision of cheaper formal channels for remitting money and giving incentives can be effective for higher remittance inflow. Moreover, negotiation at the government-to-government level can effectively expand the international labour market of the selected countries.

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“…T he central question in the inclusion-development literature in recent times is whether financial inclusion (FI) can enhance human development (HD)-a topic that has gained significant attention (Kamalu and Wan Ibrahim 2021;Ofosu-Mensah Ababio et al 2021;Matekenya et al 2021;Duvendack and Mader 2019;Nanda and Kaur 2016). Rather than only increasing economic wealth, HD seeks to increase the richness of human existence, according to the United Nations (2022).…”

Section: Introductionmentioning

confidence: 99%

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

Tissaoui,

Hakimi,

Zaghdoudi

2024

Humanit Soc Sci Commun

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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.

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International Remittances and Human Development in Developing Countries: A Panel Quantile Regression Via Moment Approach

Cited by 4 publications

References 0 publications

Relationship Between Access to Finance and Human Development in Developing Countries: Does Institutional Quality Matters?

Relationship Between Access to Finance and Human Development in Developing Countries: Does Institutional Quality Matters?

Well-being effect of international migration and remittance on human and gender development in South Asian countries

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

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