An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa

The scope of financial development has been expanding and moving gradually towards a more inclusive development thus attention is gradually shifting to financial inclusion. It is against this background that this study investigates the role of migrants’ remittances on financial inclusion in selected...

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Autores principales:	Lukman.O. Oyelami, Adeyemi A. Ogundipe
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	inclusion remittances ardl africa Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/4d46368bb7704bd3bf2d4b9097f6248d
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spelling	oai:doaj.org-article:4d46368bb7704bd3bf2d4b9097f6248d2021-12-02T15:59:33ZAn empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa2331-197510.1080/23311975.2020.1712126https://doaj.org/article/4d46368bb7704bd3bf2d4b9097f6248d2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1712126https://doaj.org/toc/2331-1975The scope of financial development has been expanding and moving gradually towards a more inclusive development thus attention is gradually shifting to financial inclusion. It is against this background that this study investigates the role of migrants’ remittances on financial inclusion in selected SSA countries. Pooled Mean Group (PMG) form of panel ARDL was employed but cross-sectional dependent characteristics of the data required the use of cross-sectional methods that cater for such properties. Consequently, XTDCCE: Dynamic Common Correlated Effects and XTCCE Common Correlated Effects estimator were used as robustness checks. For the purpose of this empirical investigation, we collected data on Remittances, Account Ownership and Income Per Capita for 27 SSA countries based on data availability. The conclusion is that remittances have no significant effect on financial inclusion in SSA. However, the variable demonstrates the potential to positively influence financial inclusion. Thus, there should be concrete policy efforts in the SSA to make remittances count for inclusive growth. The study contributes substantially by moving attention from a broad concept of financial development to Financial Inclusion and employed a more recent panel estimating techniques to investigate the nexus between remittances and Inclusion.Lukman.O. OyelamiAdeyemi A. OgundipeTaylor & Francis GrouparticleinclusionremittancesardlafricaBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	inclusion remittances ardl africa Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	inclusion remittances ardl africa Business HF5001-6182 Management. Industrial management HD28-70 Lukman.O. Oyelami Adeyemi A. Ogundipe An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
description	The scope of financial development has been expanding and moving gradually towards a more inclusive development thus attention is gradually shifting to financial inclusion. It is against this background that this study investigates the role of migrants’ remittances on financial inclusion in selected SSA countries. Pooled Mean Group (PMG) form of panel ARDL was employed but cross-sectional dependent characteristics of the data required the use of cross-sectional methods that cater for such properties. Consequently, XTDCCE: Dynamic Common Correlated Effects and XTCCE Common Correlated Effects estimator were used as robustness checks. For the purpose of this empirical investigation, we collected data on Remittances, Account Ownership and Income Per Capita for 27 SSA countries based on data availability. The conclusion is that remittances have no significant effect on financial inclusion in SSA. However, the variable demonstrates the potential to positively influence financial inclusion. Thus, there should be concrete policy efforts in the SSA to make remittances count for inclusive growth. The study contributes substantially by moving attention from a broad concept of financial development to Financial Inclusion and employed a more recent panel estimating techniques to investigate the nexus between remittances and Inclusion.
format	article
author	Lukman.O. Oyelami Adeyemi A. Ogundipe
author_facet	Lukman.O. Oyelami Adeyemi A. Ogundipe
author_sort	Lukman.O. Oyelami
title	An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
title_short	An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
title_full	An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
title_fullStr	An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
title_full_unstemmed	An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa
title_sort	empirical investigation of remittances and financial inclusion nexus in sub-saharan africa
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/4d46368bb7704bd3bf2d4b9097f6248d
work_keys_str_mv	AT lukmanooyelami anempiricalinvestigationofremittancesandfinancialinclusionnexusinsubsaharanafrica AT adeyemiaogundipe anempiricalinvestigationofremittancesandfinancialinclusionnexusinsubsaharanafrica AT lukmanooyelami empiricalinvestigationofremittancesandfinancialinclusionnexusinsubsaharanafrica AT adeyemiaogundipe empiricalinvestigationofremittancesandfinancialinclusionnexusinsubsaharanafrica
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An empirical investigation of remittances and financial inclusion nexus in Sub-Saharan Africa

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