The Relevance of Financial Inclusion on Sustainable Economic Growth in Sub-Saharan African Nations

Sustainability

Alex Adegboye¹  Oluwatobi Fasheyitan²  AbiolaAyopo Babajide²  MenyelimM. Chima²  Segun Kehinde³ 

[1] Department of Accounting, College of Management and Social Sciences, Covenant University, Ota PMB 1023, Ogun State, Nigeria;Department of Banking and Finance, College of Management and Social Sciences, Covenant University, Ota PMB 1023, Ogun State, Nigeria;Department of Business Administration, College of Management and Social Sciences, Covenant University, Ota PMB 1023, Ogun State, Nigeria;

关键词: sub-Saharan African (SSA);    Generalised Method of Moments (GMM);    financial inclusion;    economic growth;   

DOI  :  10.3390/su13105581

来源: DOAJ

【 摘 要 】

The primary concern of this examination is to systematically survey the importance of inclusive access to finance on the growth in terms of the economy in 48 sub-Saharan African (SSA) sovereign states with periodicity from 1995 to 2017. This study reports the results using both static and dynamic estimation techniques. For consistency, the baseline finding of the study estimation is based on the Generalized Method of Moments (GMM) system GMM. This article finds that there is a complimentary association between the present degree of inclusiveness of finance and economic advancement in SSA. The suggestion deduced in this examination is that programs with the plan of comprehensive financing ought to be custom fitted to the agricultural segment of the economy to encourage more economic opportunities for development in a sustainable manner.

【 授权许可】

Unknown