Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/250104 
Year of Publication: 
2021
Series/Report no.: 
AGDI Working Paper No. WP/21/080
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study examines the impact of financial inclusion on household health expenditure in 17 African countries. It argues that financial inclusion is an active influencer of individuals' health demand and that Gross Domestic Product (GDP) per capita and voluntary health insurance schemes tend to be active transmission channels through which financial inclusion affects household health expenditures. The study used an instrumental variable (2SLS) technique for the analysis over a period from 2008 to 2017.Results from the study show that being financially included leads to increase household health expenditures. Suggestions for policy emerging from this study to governments in Africa are on the aspect of fostering financial inclusion to a wider population alongside enhancing the Universal Health Coverage (UHC) plan to ease the burden of out-of-pocket payments on households.
Subjects: 
Financial inclusion
Health expenditure
Out-of-pocket (OOP) payments
2SLS
JEL: 
G15
I13
C23
Document Type: 
Working Paper

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