Does Mobile Money Adoption and Credit Access Improve Enterprise Innovation and Performance in Sierra Leone?

Gbetoton Nadege Djossou, James Fomba Sandy and Jacob Novignon

Review of Development Economics, 2025, vol. 29, issue 3, 1768-1779

Abstract: This study sought to unpack the impact of mobile money adoption and credit constraints on product innovation and performance of Micro, Small, and Medium‐scale Enterprises in Sierra Leone. We used the most recent Sierra Leone Enterprise survey data conducted by the World Bank to monitor enterprises. To achieve the objectives of the study, we used Ordinary Least Squares and nonexperimental techniques (instrumental variable techniques). This allowed us to account for potential endogeneity problems that may bias parameter estimates if not accounted for. Our findings show that mobile money use and credit access significantly enhanced firms' ability to innovate, which then improved their performance. We did not find any statistically significant gender‐related variation in the relationship. Our findings support current policy efforts to revamp financial inclusion in Sierra Leone and highlight the need to tailor services to fully reap the potential gains.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/rode.13183

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:bla:rdevec:v:29:y:2025:i:3:p:1768-1779

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1363-6669

Access Statistics for this article

Review of Development Economics is currently edited by E. Kwan Choi

More articles in Review of Development Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().