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Determinants Of Financial Inclusion In Sub-Saharan Africa Countries: Does Institutional Infrastructure Matter?, Kazeem B. Ajide
Determinants Of Financial Inclusion In Sub-Saharan Africa Countries: Does Institutional Infrastructure Matter?, Kazeem B. Ajide
CBN Journal of Applied Statistics (JAS)
The paper examines the determinants of financial inclusion by specially accounting for the role of institutions in a panel of eighteen (18) subSaharan Africa (SSA) countries using a dynamic system of Generalized Method of Moments (SYS-GMM). The emanated findings consistently stress the importance of institutions together with other control variables like GDP per capita, inflation, bank concentration and z-score as key drivers of FI. In the final analysis, the paper emphasizes the importance of using dimension by dimension indicators of governance as well as a composite governance index instead of relying solely on the latter as a basis of informing …