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Technology-driven information sharing and conditional financial development in Africa

Simplice Asongu (), John Anyanwu and Vanessa Tchamyou ()

No 17/010, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: Information technology is increasingly facilitating mechanisms by which information asymmetry between lenders and borrowers in the financial sector can be reduced in order to enhance financial access for human and economic development in developing countries. We examine conditional financial development from ICT-driven information sharing in 53 African countries for the period 2004-2011, using contemporary and non-contemporary quantile regressions. ICT is measured with mobile phone penetration and internet penetration whereas information sharing offices are public credit registries and private credit bureaus. The following findings are established. First, there are positive effects with positive thresholds from ICT-driven information sharing on financial depth (money supply and liquid liabilities) and financial activity (at banking and financial system levels). Second, for financial intermediation efficiency, the positive effects from mobile-driven information sharing are apparent exclusively in certain levels of financial efficiency. Third, with regard to financial size, mobile-driven information sharing is positive with a negative threshold, whereas, internet-driven information sharing is positive exclusively among countries in the bottom half of financial size. Positive thresholds are defined as decreasing negative or increasing positive estimated effects from information sharing offices and vice-versa for negative thresholds. Policy implications are discussed.

Keywords: Information Sharing; Financial Development; Quantile regression (search for similar items in EconPapers)
JEL-codes: G20 G29 O16 O55 C52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-ict and nep-pay
Date: 2017-01
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Forthcoming in: Information Technology for Development

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Working Paper: Technology-driven information sharing and conditional financial development in Africa (2017) Downloads
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