Financial Inclusion, Institutional Quality and Economic Growth in Sub-Saharan African Countries
Salam S. Mohammed, Golpet M. Kassem, Muhammad Ali
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.
Topics & Concepts
Financial inclusionQuality (philosophy)Inclusion (mineral)EconomicsDevelopment economicsDeveloping countryEconomic growthBusinessFinanceFinancial servicesSociologyEpistemologyGender studiesPhilosophyEconomic Growth and DevelopmentMicrofinance and Financial InclusionIslamic Finance and Banking Studies