The impact of financial inclusion on sectoral economic growth

Ayse Demir, Joseph Ajefu, Syed Bukhari and Victor Murinde

Chapter 5 in Inclusive Financial Development, 2021, pp 76-81 from Edward Elgar Publishing

Abstract: In a panel of 69 countries covering the period 2004-2017, the impact of financial inclusion on agricultural, industrial and service sectoral growth appears to change depending on the financial structure of the country. It has comparative advantage in promoting agricultural growth in countries with financial systems dominated by markets, while its effects are stronger on services and industry growth in countries with market-based financial systems.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2021
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