The Role of Financial Inclusion on Economic Growth in Sub Saharan African (SSA) Region

Masoud Mohammed Albiman and Hamad Omar Bakar

Athens Journal of Business & Economics, 2022, vol. 8, issue 4, 363-384

Abstract: Recently, financial inclusion through improved access within SSA region has increased and at a faster rate compared to other regions. By estimating panel data on 45 countries between 2004 and 2017, using Generalized Method of Moments (GMM) method, this study examined whether financial inclusion through improved access contributed positively on economic growth. The study examines both linear and non-linear effects of financial inclusion using three different indicators including financial inclusion index. The results reveal that, financial inclusion promotes economic growth. Our results are robust irrespective of upper middle income within SSA region. The need to design policies that widen accessibility and sustain financial inclusion is rather important, as it improves economic growth, development and reduces poverty within SSA region.

Keywords: SSA region; financial inclusion; GMM; nonlinear and economic growth (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.athensjournals.gr/business/2022-8-4-4-Albiman.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ate:journl:ajbev8i4-4

DOI: 10.30958/ajbe.8-4-4

Access Statistics for this article

More articles in Athens Journal of Business & Economics from Athens Institute for Education and Research (ATINER)
Bibliographic data for series maintained by Afrodete Papanikou ().