فهرست نشریات علمی دسترسی آزاد ایران

This study examines the effect of digital financial inclusion on the conditional distribution of human development in 37 developing countries with available data from 2004 to 2021. The study uses the Method of Moment Quantile Regression (MM-QR) with a fixed effect that examines the effect of digital financial inclusion on the different levels of human development. The findings indicate that digital financial inclusion promotes human development, with a more significant impact in countries with very high human development. In addition, the findings indicate that high-quality governance enhances the positive effect of digital financial inclusion on human development. The results of this study were robust when we used the System Generalized Method of the Moment (SGMM) estimator. The study concludes that the effect of digital financial inclusion on human development varies in developing countries, depending on each country's level of human development. Policymakers should focus on policies that will speed up the digitalization process and increase access and coverage of digital financial services, such as mobile money, e-wallets, QR code payments, and blockchain technology, especially in countries with low and medium levels of human development.