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Do financial inclusion drive boom-bust cycles in Africa?

Journal of Economics Bibliography

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Title Do financial inclusion drive boom-bust cycles in Africa?
 
Creator SHOBANDE, Olatunji A
LANRE, Ibrahim R;

Department of Economics, University of Lagos, Lagos, Nigeria
 
Subject Financial education; financial inclusion; financial literacy; Africa.
D14; D18; G21; I28.
 
Description Abstract. The paper probes the roles of Financial Inclusion and human capital financing as catalysts for economic growth in Africa during the boom and burst periods. It adopts a battery of estimators like the Pooled OLS, Fixed Effect, Generalized Method of Moment and the Pairwise Granger Causality Tests for a panel of 57 African countries over the period stemming 2004-2015. The results show that financial inclusion has led to increased economic growth and stability in African while the impact of human capital still needs more commitments. The emanating policy antidotes are that there is urgent need for the CBs in Africa to intensify more efforts in banking the unbanked population and also, government should raise the percentage of budget allocation on education in other to improve on the level of human capital and achieve the very much needed sustained development in Africa.Keywords. Financial education, Financial inclusion, Financial literacy, Africa.JEL. D14, D18, G21, I28.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2018-10-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1718
10.1453/jeb.v5i3.1718
 
Source Journal of Economics Bibliography; Vol 5, No 3 (2018): September; 159-174
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1718/1739
 
Rights Copyright (c) 2018 Journal of Economics Bibliography
http://creativecommons.org/licenses/by-nc/4.0