Financial Inclusion, Institutional Quality and Economic Growth in Sub-Saharan African Countries

Author:

Mohammed Salam S.1ORCID,Kassem Golpet M.2,Ali Muhammad1

Affiliation:

1. Prince Abubakar Audu University, Ayingba, Nigeria

2. University of South Africa, South Africa

Abstract

This study examines the impact of financial inclusion and institutional quality on economic growth in Sub-Saharan Africa (SSA). It finds that financial inclusion has a positive impact on SSA’s economic growth irrespective of the measure of economic growth examined. The results also reveal varied effects of institutional quality on various measures of economic growth. The implication is that institutions and financial inclusion should not be ignored in growth policies.

Publisher

Asia-Pacific Applied Economics Association

Subject

General Medicine

Reference22 articles.

1. Institutional quality and economic growth: Evidence from Nigeria;S. Abubakar;African Journal of Economic Review,2020

2. Institutional quality, foreign direct investment, and economic development in sub-Saharan Africa;Folasade Bosede Adegboye;Humanities and Social Sciences Communications,2020

3. Determinants of financial inclusion in sub-Saharan Africa countries: Does institutional infrastructure matter?;K.B. Ajide;CBN Journal of Applied Statistics,2017

4. The impact of financial inclusion on economic growth in sub-Saharan Africa;N.P. Balele;Journal of Applied Economics and Business,2019

5. Initial Conditions and Moment Restrictions in Dynamic Panel Data Models;Richard Blundell;Journal of Econometrics,1998

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