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Jude Eggoh and Chrysost Bangaké
''Remittances and Financial Inclusion: Does Financial Development Matter?''
( 2021, Vol. 41 No.2 )
This study provides new evidence on the relationship between remittances and financial inclusion using generalized methods of moments (GMM) and panel threshold regressions (PTR). The sample consists of 64 developing countries over the period 2004-2017. The empirical results suggest that remittances improve financial inclusion, and the relationship between both variables is nonlinear, with respect to financial development. These findings are supported by PTR estimations, that confirm positive and significant relationship between remittances and financial inclusion below a given threshold of financial development. Beyond this threshold, remittances and financial inclusion nexus is not significant. These results have some policy implications.
Keywords: Remittances, financial inclusion, financial development, GMM, PTR
JEL: E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
F3 - International Finance: General
Manuscript Received : Jun 29 2020 Manuscript Accepted : Apr 09 2021

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