Olaniyi Evans
The Effects of Economic and Financial Development on Financial Inclusion in Africa
study provides empirical evidence effects economic financial development financial inclusion africa using panel fmols 20052014 period study shows economic growth significant positive impact financial inclusion meaning african countries higher economic growth inclusive financial systems gdp per capita significant positive impact financial inclusion income important factor explaining level nancial inclusion africa well established study although economic financial development promote financial inclusion though effects economic development much stronger also inflation negatively linked financial inclusion well insignificant across specifications deposit interest rate positively linked financial inclusion though insignificant low deposit interest rates african countries encourage inclusive financial systems population though positive insignificant internet positive significant impact financial inclusion meaning internet access indispensable fastmoving digital african economy literacy also statistically significant meaning adult literacy important factor explaining level nancial inclusion africa well islamic banking presence activity associated higher financial inclusion