Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191705 
Year of Publication: 
2017
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 08 [Issue:] 2 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Year:] 2017 [Pages:] 69-89
Publisher: 
The Central Bank of Nigeria, Abuja
Abstract: 
The paper examines the determinants of financial inclusion by specially accounting for the role of institutions in a panel of eighteen (18) sub-Saharan 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.
Subjects: 
Dynamic Panel Systems
Financial Inclusion
Generalized Method of Moments (GMM) and Institutions
JEL: 
C23
O12
G23
G38
Document Type: 
Article

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