CBN Journal of Applied Statistics (JAS)
Keywords
Dynamic Panel Systems, Financial Inclusion, Generalized Method of Moments (GMM) and Institutions
Abstract
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 policy decisions as both yield different policy outcomes.
Publication Title
CBN Journal of Applied Statistics
Issue
2
Volume
8
Recommended Citation
Ajide, Kazeem B.
(2017)
"Determinants of Financial Inclusion in Sub-Saharan Africa Countries: does institutional infrastructure matter?,"
CBN Journal of Applied Statistics (JAS): Vol. 8:
No.
2, Article 4.
Available at:
https://dc.cbn.gov.ng/jas/vol8/iss2/4