Inequalities in Africa: Does financial integration matter?

Ongo Nkoa Bruno Emmanuel (), Song Jacques Simon () and Balla Mekongo Célestin Ghislain ()
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Ongo Nkoa Bruno Emmanuel: Centre for Studies and Research in Management and Economics (CSRME), University of Dschang
Song Jacques Simon: Centre for Studies and Research in Management and Economics (CSRME), University of Dschang
Balla Mekongo Célestin Ghislain: Centre for Studies and Research in Management and Economics (CSRME), University of Dschang

Economics Bulletin, 2021, vol. 41, issue 3, 1983-1993

Abstract: This paper assesses the impact of financial integration on inequality in Africa. Two dimensions of financial integration (regional and international) and three dimensions of inequality (economic, environmental, housing) are considered. Using a sample of 26 countries, we estimate a panel data model using the System Generalized Method of Moments (S-GMM) over the period 1985-2016. Our results show that regardless of the dimension considered, financial integration increases economic, environmental and housing inequalities. The results also show that there is a threshold at which financial integration reduces inequality. Financial integration combined with high financial inclusion is necessary for the mitigation of inequality.

Keywords: Africa; Inequalities; Financial integration; OLS; S-GMM (search for similar items in EconPapers)
JEL-codes: D6 F4 (search for similar items in EconPapers)
Date: 2021-09-17
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