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Financial Inclusion, Foreign Direct Investment and Human Development: An Analysis from Middle-Income Countries

Year: 2025

Type: article

Abstract: Human development is vital for human welfare and for the overall development of a country. Current work highlights the role of important variables affecting human development in middle-income countries. We have used a panel data set and the OLS technique for the analysis. Human development was used as a dependent variable, and financial inclusion, ICT, economic growth, urban population, and foreign direct investment were taken as independent variables. OLS regression results show that financial inclusion, information communication, and technology seem to be enhancing human development in the economies. Moreover, economic growth, urban population, and foreign direct investment also contributed positively to human development. The study recommends more ICT opportunities in countries to achieve more human development. Much focus should be made on investments and growth to boost human development. Finally, there should be a more stable financial and political system to attract investments.

Source: International journal of advanced social studies.

DOI: 10.70843/ijass.2025.05109

Authors: Ahmad Jan Essa, Sana Ullah, Kiran Bibi

Institutions: Office of the United Nations High Commissioner for Refugees, Preston University

Language: English

Topic: Economic Growth and Development

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W7077235363

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