Estimating the effects of financial inclusion on welfare in sub-Saharan Africa

The prominent role of financial inclusion in every economy—as it has been widely acknowledged as an enabler to achieving eight out of the 17 Sustainable Development Goals (SDGs) cannot be overemphasized as far as the welfare of individuals is concerned. This study estimates the effects of financial...

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Autores principales:	Grace Ofori-Abebrese, Samuel Tawiah Baidoo, Ebenezer Essiam
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	financial inclusion financial system welfare sustainable development goals sub-saharan africa africa Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/c25ccdbf767a4ddeb5d58f2fbfa28e5a
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spelling	oai:doaj.org-article:c25ccdbf767a4ddeb5d58f2fbfa28e5a2021-12-02T18:23:50ZEstimating the effects of financial inclusion on welfare in sub-Saharan Africa2331-197510.1080/23311975.2020.1839164https://doaj.org/article/c25ccdbf767a4ddeb5d58f2fbfa28e5a2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1839164https://doaj.org/toc/2331-1975The prominent role of financial inclusion in every economy—as it has been widely acknowledged as an enabler to achieving eight out of the 17 Sustainable Development Goals (SDGs) cannot be overemphasized as far as the welfare of individuals is concerned. This study estimates the effects of financial inclusion on welfare using cross-section data from 33 sub-Saharan African countries and the ordinary least squares technique is employed for the analysis. The results from the financial inclusion index estimation reveal that, generally, financial inclusion in the sub-region is low as 29 out of the 33 sampled countries have low financial inclusion index. It is also revealed that financial inclusion has positive effect on welfare. With regard to the control variables, the study reveals that education and income also improve welfare. Based on the positive effect of financial inclusion on welfare, important implications that seek to promote financial inclusion in the sub-region have been provided for policy consideration.Grace Ofori-AbebreseSamuel Tawiah BaidooEbenezer EssiamTaylor & Francis Grouparticlefinancial inclusionfinancial systemwelfaresustainable development goalssub-saharan africaafricaBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	financial inclusion financial system welfare sustainable development goals sub-saharan africa africa Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	financial inclusion financial system welfare sustainable development goals sub-saharan africa africa Business HF5001-6182 Management. Industrial management HD28-70 Grace Ofori-Abebrese Samuel Tawiah Baidoo Ebenezer Essiam Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
description	The prominent role of financial inclusion in every economy—as it has been widely acknowledged as an enabler to achieving eight out of the 17 Sustainable Development Goals (SDGs) cannot be overemphasized as far as the welfare of individuals is concerned. This study estimates the effects of financial inclusion on welfare using cross-section data from 33 sub-Saharan African countries and the ordinary least squares technique is employed for the analysis. The results from the financial inclusion index estimation reveal that, generally, financial inclusion in the sub-region is low as 29 out of the 33 sampled countries have low financial inclusion index. It is also revealed that financial inclusion has positive effect on welfare. With regard to the control variables, the study reveals that education and income also improve welfare. Based on the positive effect of financial inclusion on welfare, important implications that seek to promote financial inclusion in the sub-region have been provided for policy consideration.
format	article
author	Grace Ofori-Abebrese Samuel Tawiah Baidoo Ebenezer Essiam
author_facet	Grace Ofori-Abebrese Samuel Tawiah Baidoo Ebenezer Essiam
author_sort	Grace Ofori-Abebrese
title	Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
title_short	Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
title_full	Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
title_fullStr	Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
title_full_unstemmed	Estimating the effects of financial inclusion on welfare in sub-Saharan Africa
title_sort	estimating the effects of financial inclusion on welfare in sub-saharan africa
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/c25ccdbf767a4ddeb5d58f2fbfa28e5a
work_keys_str_mv	AT graceoforiabebrese estimatingtheeffectsoffinancialinclusiononwelfareinsubsaharanafrica AT samueltawiahbaidoo estimatingtheeffectsoffinancialinclusiononwelfareinsubsaharanafrica AT ebenezeressiam estimatingtheeffectsoffinancialinclusiononwelfareinsubsaharanafrica
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Estimating the effects of financial inclusion on welfare in sub-Saharan Africa

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