Inclusive Growth in sub-Saharan Africa: Do Financial Depth and Inclusion Matter?
Date
2021-08
Authors
Jombo, Wytone
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
This study attempts to contribute to the existing literature by exploring the
effect of financial inclusion and depth on inclusive growth for 26 sub-Saharan
Africa countries. Using the random effects panel regressions, the results suggest
that financial inclusion positively affects inclusive growth in the sub-Saharan
region, while financial depth variable does not. At very high levels of financial
inclusion, however, the results portray decreasing marginal effects of financial
inclusion on inclusive growth. Evidence from this study, however, shows weak
transmission channel from financial deepening indicators to inclusive growth.