Determinants of Financial Inclusion in Sub-Sahara African Countries
Date
2017-12-16
Authors
Oyelami, L.O
Saibu, O.M
Adekunle, B.S
Journal Title
Journal ISSN
Volume Title
Publisher
Covenant Journal of Business & Social Sciences
Abstract
As the exclusion of large percentage of the population has been
identified as a major obstacle to inclusive growth and development in developing
countries of the world it is against this background this study investigates the
determinants of financial inclusion in Sub-Saharan Africa using Panel
Autoregressive Distributed Lag (ARDL). The results from the study reveal that
financial inclusion in the region is meaningfully influenced by both demand
side factors (level of income and literacy) and Supply-side factors (Interest rate
and bank innovation proxy by ATM usage). The government in the sub-region
should put a policy in place to promote financial literacy and other forms of
innovative banking in their respective country as this will go a long way in
promoting financial inclusion in the region.
Description
Keywords
Financial Inclusion , Africa , ARDL , Development
Citation
Oyelami, L. O., Saibu, O. M., & Adekunle, B. S. (2017). Determinants of Financial Inclusion in Sub-Sahara African Countries. Covenant Journal of Business and Social Sciences, 8(2).