Financial inclusion, bank ownership, and economy performance: Evidence from developing countries

Isaac Marcelin, Aklesso Y.G. Egbendewe, Djoulassi K. Oloufade and Wei Sun

Finance Research Letters, 2022, vol. 46, issue PA

Abstract: This study analyzes financial inclusion and bank ownership structure's macro impact, using data from 44 developing countries over 2004-2017. Although foreign bank participation enhances the banking sector's efficiency, the benefits decline with circumscribed and exclusory intermediation, resulting in reduced per capita GDP and output growth. Use of and access to financial services and products, including ATMs availability and depositor accounts, positively impact economic performance. To positively impact the economy, financial inclusion and bank ownership require a minimum level of institutional quality.

Keywords: Financial inclusion; Output growth; Ownership structure; Institution's quality (search for similar items in EconPapers)
JEL-codes: G18 G20 G28 O10 O16 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pa:s1544612321003482

DOI: 10.1016/j.frl.2021.102322

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