伊斯兰会议组织成员国的普惠金融与人类发展:来自小组分位数回归方法的证据

Q4 Economics, Econometrics and Finance Iranian Economic Review Pub Date : 2021-10-12 DOI:10.22059/IER.2021.83903
Kabiru Kamalu, W. Ibrahim
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引用次数: 1

摘要

与世界平均水平(0.73)和发展中国家平均水平(0.68)相比,伊斯兰合作组织(OIC)成员国的人类发展指数(0.63)最低。然而,各成员国的人类发展水平各不相同,大多数成员国属于低和中等人类发展水平。为了进一步了解金融包容性对OIC国家不同人类发展水平的人类发展的影响,本研究使用面板分位数回归来检验金融包容性对OIC国家低、中、高和极高人类发展水平的影响。结果显示,普惠金融促进了中等人类发展水平国家的更高人类发展水平,因为从低收入水平向中等收入水平迈进的国家的收入和投资增加。在人类发展水平高和非常高的国家促进更高人类发展的机构,在人类发展水平低和中等的国家对人类发展产生负面影响。此外,汇款流入对所有人类发展水平的人类发展都有积极影响,对人类发展水平较低的国家影响更大。因此,伊斯兰会议组织的政策制定者应制定政策,促进中低收入国家的普惠金融,以实现更高的人类发展。此外,决策者应振兴机构,特别是在人类发展水平较低和中等的国家。此外,应降低向伊斯兰会议组织汇款的费用,以吸引更多的汇款流入成员国。
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Financial Inclusion and Human Development in OIC Member Countries: Evidence from Panel Quantile Regression Method
The Organization of Islamic Cooperation (OIC) member countries has 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 level of human development of 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 promote higher human development in countries with medium human development, because of increase in income and investment in countries that move from low-income level to medium income status. Institutions 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 positive effect on human development across all levels of human development but stronger in countries at lower level 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 remittance into OIC should be reduce to attract more remittances into the member countries.
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来源期刊
Iranian Economic Review
Iranian Economic Review Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
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