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首页> 外文期刊>International Journal of Managerial Finance >Financial inclusion and financial sector development in Sub-Saharan Africa: a panel VAR approach
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Financial inclusion and financial sector development in Sub-Saharan Africa: a panel VAR approach

机译：撒哈拉以南非洲的金融普惠和金融部门发展：VAR专题讨论

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摘要

Purpose - The purpose of this paper is to investigate the dynamic link between financial inclusion and financial sector development (FSD) in Sub-Saharan Africa. Design/methodology/approach - This paper employs a panel vector autoregressive framework to examine the dynamic link between financial inclusion and FSD in Sub-Saharan Africa. Findings - The findings indicate that there is a reverse causality between FSD and financial inclusion in both the Sub-Saharan Africa countries sample and the full sample. It is evident that financial inclusion is a driver of FSD and vice versa. Practical implications - The practical implication of this study is that financial inclusion should not only be pursued as a policy objective but it could also be an outcome variable of FSD and vice versa. This implies that African economies and governments in their effort to enhance financial inclusion, FSD can serve as a policy tool. This means that policies aimed at promoting financial inclusion will not impede FSD because the two are complementary. This suggests that we can achieve financial inclusion without sacrificing FSD and vice versa. Originality/value - This paper provides first empirical evidence of the link between financial inclusion and FSD from the Sub-Saharan Africa perspective using data sourced from World Development Indicators spanning from 1990 to 2014 for 48 Sub-Saharan African economies and 217 economies in the world for the full sample.
机译：目的-本文的目的是研究撒哈拉以南非洲地区金融普惠与金融部门发展（FSD）之间的动态联系。设计/方法/方法-本文采用面板向量自回归框架来检验撒哈拉以南非洲金融包容性与FSD之间的动态联系。调查结果-调查结果表明，在撒哈拉以南非洲国家样本和整个样本中，FSD与金融包容性之间存在因果关系。显然，金融包容性是FSD的驱动力，反之亦然。实际含义-这项研究的实际含义是，金融普惠不仅应作为政策目标，而且还应成为FSD的结果变量，反之亦然。这意味着非洲经济体和各国政府在努力增强金融包容性方面，可以将FSD用作政策工具。这意味着旨在促进金融普惠的政策将不会阻碍FSD，因为两者是相辅相成的。这表明我们可以在不牺牲FSD的情况下实现金融包容性，反之亦然。原创性/价值-本文使用撒哈拉以南非洲视角的1990年至2014年世界发展指标数据，为撒哈拉以南非洲48个撒哈拉以南非洲经济体和世界217个经济体提供了金融包容性与FSD之间联系的初步经验证据完整的样本。

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