Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa
<p>Whether finance enhances growth has continued to be a major debate among academics in the bids to drive economic growth and development. Hitherto, empirical studies focusing on Africa in addressing these issues for the expected regional sustainable growth are rare. This study applied struct...
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| Format: | Article |
| Language: | English |
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EconJournals
2019-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/8256 |
| _version_ | 1797905642476797952 |
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| author | Tough Chinoda Joseph Olorunfemi Akande |
| author_facet | Tough Chinoda Joseph Olorunfemi Akande |
| author_sort | Tough Chinoda |
| collection | DOAJ |
| description | <p>Whether finance enhances growth has continued to be a major debate among academics in the bids to drive economic growth and development. Hitherto, empirical studies focusing on Africa in addressing these issues for the expected regional sustainable growth are rare. This study applied structural equation modelling to simultaneously analyse mobile phones diffusion, financial inclusion, and economic growth in a panel of 32 African countries over the period from 2004 to 2016. The results provided evidence that financial inclusion affects economic growth via mobile phones. This study has implication for managing the deployment of mobile phones by for finance and growth relevance in Africa.<strong></strong></p><p><strong>Keywords:</strong> Financial inclusion, mobile phones diffusion, economic growth, structural equation modelling</p><p><strong>JEL Classifications</strong>: B26; C58; G21<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijefi.8256">https://doi.org/10.32479/ijefi.8256</a></p> |
| first_indexed | 2024-04-10T10:08:31Z |
| format | Article |
| id | doaj.art-fa7a411834464c46ac202b53d9247df7 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:08:31Z |
| publishDate | 2019-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-fa7a411834464c46ac202b53d9247df72023-02-15T16:22:21ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382019-09-01951041104083Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from AfricaTough Chinoda0Joseph Olorunfemi Akande1Women’s University in Africa, Harare, ZimbabweNamibia University of Science and Technology, Windhoek, Namibia<p>Whether finance enhances growth has continued to be a major debate among academics in the bids to drive economic growth and development. Hitherto, empirical studies focusing on Africa in addressing these issues for the expected regional sustainable growth are rare. This study applied structural equation modelling to simultaneously analyse mobile phones diffusion, financial inclusion, and economic growth in a panel of 32 African countries over the period from 2004 to 2016. The results provided evidence that financial inclusion affects economic growth via mobile phones. This study has implication for managing the deployment of mobile phones by for finance and growth relevance in Africa.<strong></strong></p><p><strong>Keywords:</strong> Financial inclusion, mobile phones diffusion, economic growth, structural equation modelling</p><p><strong>JEL Classifications</strong>: B26; C58; G21<strong></strong></p><p>DOI: <a href="https://doi.org/10.32479/ijefi.8256">https://doi.org/10.32479/ijefi.8256</a></p>https://www.econjournals.com/index.php/ijefi/article/view/8256 |
| spellingShingle | Tough Chinoda Joseph Olorunfemi Akande Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa International Journal of Economics and Financial Issues |
| title | Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa |
| title_full | Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa |
| title_fullStr | Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa |
| title_full_unstemmed | Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa |
| title_short | Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa |
| title_sort | financial inclusion mobile phone diffusion and economic growth evidence from africa |
| url | https://www.econjournals.com/index.php/ijefi/article/view/8256 |
| work_keys_str_mv | AT toughchinoda financialinclusionmobilephonediffusionandeconomicgrowthevidencefromafrica AT josepholorunfemiakande financialinclusionmobilephonediffusionandeconomicgrowthevidencefromafrica |