Theoretical and Applied Economics
No. 1 / 2026 (646), Spring
Heterogeneous effect of financial inclusion on economic complexity in developing countries
Nazi BONI University, Burkina Faso
Ibrahim OUEDRAOGO
Nazi BONI University, Burkina Faso
Porto BAZIE
Thomas SANKARA University, Burkina Faso
Abstract. This paper investigates the heterogeneous effect of financial inclusion on economic complexity in developing countries. The empirical analysis relies on quantile via moments method, using data from 71 developing countries over the period 2011-2021. The results show that financial inclusion significantly increases economic complexity, with a stronger effect in countries with high level of economic complexity. These findings imply that the ability of developing countries to produce diversified and increasingly complex products depends on their level of financial inclusion. Therefore, policymakers in developing countries should promote financial inclusion to increase their economic complexity.
Contents
From paradox to opportunity: designing a hybrid REIT Model for Romania's emerging capital market
Human development inequality within and between selected SAARC countries using Mean Log Deviation MLD
The influence of renewable energy consumption and trade openness on carbon emissions in South Africa: an augmented autoregressive distributed lag method application
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The dynamic nexus between oil price fluctuations, exchange rate volatility, and economic growth: empirical evidence from Algeria
Does unemployment influence out-of-pocket health expenditures in sub-Saharan Africa countries? Evidence from the defactored instrumental variables method
From transposition to distortion: how OECD corporate governance principles were misapplied in Romanian state-owned enterprise legislation
Information transmission in the foreign exchange market: evidence from India
The evolution of green energy utilization in Romania
On the equivalence and nonequivalence of import subsidies and export subsidies
AI-simulated reciprocity and the narrowing of decision options within human attachment psychological architecture
Shockwaves abroad and the vulnerability of monetary policy: Morocco’s Central Bank response to geopolitical shocks and commodity price volatility
Impact of growth and tax on pollution in the presence of corruption
Heterogeneous effect of financial inclusion on economic complexity in developing countries
Human ethics vs. algorithmic ethics: the limits of automating moral decision-making
Migrants remittances and economic growth in Morocco: A VAR model analysis
Determinants of inflation in Romania: A VAR approach
Effect of information and communication technologies on life expectancy and under-five mortality in WAEMU countries
Application of PHH and PHE model to Investigative FDI inflows effects on CO2 emissions in developing countries (OECD & BRICS)
Internal vs external migration: comparative patterns within the EU