Do mobile phones, economic growth, bank competition and stability matter for financial inclusion in Africa?

Autor:	Tough Chinoda, Farai Kwenda
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	financial inclusion bank competition bank stability economic growth panel structural vector autoregressive model Finance HG1-9999 Economic theory. Demography HB1-3840
Zdroj:	Cogent Economics & Finance, Vol 7, Iss 1 (2019)
Druh dokumentu:	article
ISSN:	2332-2039 23322039
DOI:	10.1080/23322039.2019.1622180
Popis:	The lower levels of financial inclusion and severe financial inclusion gaps in Africa motivates the investigation of whether mobile phones, economic growth, bank competition and stability matter for financial inclusion. Data from 49 countries for the periods 2004–2016 were collected and analysed using a five-variable panel structural vector autoregressive model. There was evidence to show that financial inclusion responds positively and significantly to shocks in bank competition, economic growth, mobile phones and bank stability. However, the results reveal that all the variables respond to one standard deviation shock in financial inclusion, suggesting that while the variables matter for financial inclusion, they also require financial inclusion for their effective operation. Hence, the conclusion is that financial inclusion plays a central in the effective running of economies.
Databáze:	Directory of Open Access Journals
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