Citation
Abstract
This study investigated the nexus between financial literacy and financial inclusion using the cross-section threshold regression model and the quantile regression technique. The sample covered 73 developing countries categorised as lower-middleincome or upper-middle-income economies. The main results of the threshold model revealed that financial literacy had no inverted U-shaped effect on financial inclusion in the sample of developing countries. This situation indicated that financial literacy had a linear or monotone relationship with financial inclusion. The quantile regression model was used to compare the findings in this investigation. The empirical result indicated that the financial literacy variable had a limited impact on the conditional distribution of financial inclusion. However, the coefficient values were much larger at high than low quantiles. This studys results are necessary for policymakers and financial institutions to implement financial literacy programs targeted at specific behaviours and underserved populations in developing countries.
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Official URL or Download Paper: https://mjes.um.edu.my/index.php/MJES/article/view...
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Additional Metadata
Item Type: | Article |
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Divisions: | Faculty of Human Ecology School of Business and Economics |
DOI Number: | https://doi.org/10.22452/mjes.vol60no2.3 |
Publisher: | Malaysian Economic Association |
Keywords: | Financial literacy; Financial inclusion; Threshold estimation; Quantile regression estimation; Quality education |
Depositing User: | Ms. Nur Faseha Mohd Kadim |
Date Deposited: | 04 Nov 2024 03:45 |
Last Modified: | 04 Nov 2024 03:45 |
Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.22452/mjes.vol60no2.3 |
URI: | http://psasir.upm.edu.my/id/eprint/107389 |
Statistic Details: | View Download Statistic |
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