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ICT, Conflicts in Financial Intermediation and Financial Access: Evidence of Synergy and Threshold Effects

Simplice Asongu () and Paul Acha-Anyi ()
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Paul Acha-Anyi: Pretoria, South Africa

No 17/045, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: In this study we investigate the role of information and communication technology (ICT) in conflicts of financial intermediation for financial access. The empirical evidence is based on contemporary (or current values) and non-contemporary (or lagged by a year) quantile regressions in 53 African countries for the period 2004-2011. The main findings are: First, the net effect of ICT in formalization for financial activity in the banking system is consistently beneficial with positive thresholds. The fact that corresponding, unconditional and conditional effects are persistently positive is evidence of synergy or complementary effects. Second, the net effect of ICT in financial informalization for financial activity in the financial system is negative with a consistent negative threshold. Hence, the positive (negative) complementarity of ICT and financial formalization (informalization) is an increasing (decreasing) function of financial activity. Policy measures on how to leverage the synergy or complementarity between ICT and financial formalization in order to enhance financial access are discussed.

Keywords: Allocation efficiency; financial sector development; ICT (search for similar items in EconPapers)
JEL-codes: G20 G29 L96 O40 O55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-ict, nep-iue and nep-pay
Date: 2017-01
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Forthcoming: Netnomics

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http://www.afridev.org/RePEc/agd/agd-wpaper/ICT-Co ... Financial-Access.pdf Revised version, 2017 (application/pdf)

Related works:
Journal Article: ICT, conflicts in financial intermediation and financial access: evidence of synergy and threshold effects (2017) Downloads
Working Paper: ICT, Conflicts in Financial Intermediation and Financial Access: Evidence of Synergy and Threshold Effects (2017) Downloads
Working Paper: ICT, Conflicts in Financial Intermediation and Financial Access: Evidence of Synergy and Threshold Effects (2017) Downloads
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