000			03663nam a22003017a 4500
003			KOHA_MİRAKIL
005			20240814142458.0
008			211019d2021 cy ||||| m||| 00| 0 eng d
040			_aCY-NiCIU _beng _cCY-NiCIU _erda
041			_aeng
090			_aD 262 _bA44 2021
100	1	3	_aAdedokun, Muri Wole
245	1	0	_aAN INVESTIGATION OF THE IMPACT OF FINANCIAL INCLUSION ON ECONOMIC GROWTH / _cMURI WOLE ADEDOKUN; SUPERVISOR: PROF. DR. MEHMET AĞA
246	2	3	_aEVIDENCE FROM SUB-SAHARAN AFRICAN ECONOMIES
264			_c2021
300			_a246 sheets; _c31 cm. _eIncludes CD
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
502			_aThesis (PhD) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department
504			_aIncludes bibliography (sheets 176-217)
520			_aABSTRACT Financial inclusion is a crucial part of the strategies aimed to achieve inclusive growth. In general, inclusive finance is fundamental and its ability to drive the socio-economic development, growth and sustainability in the economy. Access to finance and inclusion of citizenry has continue to be a top agenda discussions/items at both the country level and international forums. Despite this efforts, the interaction between economic development and growth, inequality, poverty and access to finance still remains puzzle. Financial inclusion has been recognized as a development policy priority and a key to economic growth in developing countries. In considering the significance of the same, this study empirically investigate the impact of financial inclusion on economic growth in Sub-Saharan African countries, which is sub-divided into low income, low middle income and upper middle income groupings to ascertain whether differences in income levels across countries affect the relative impact of finance on growth of the economy for the period between 2004 and 2019. The study employed annual data for 41 countries in the region and made use of an improved panel estimation of the generalized method of moment's (GMM) technique, to be precise the Arellano-Bover (1995)/Blundell-Bond (1998) dynamic panel estimation as to ensure the robustness of the findings. More so, to examine the causal relationship between the variables used, a Dumitrescu-Hurlin's (2012) heterogeneous panel causality test was employed. Based on the multidimensionality of the financial inclusion measures, a principal component analysis (PCA) was applied to develop a composite index for financial inclusion as a benchmark to measure the indicators of financial inclusion accurately (the penetration of financial institutions, the availability to financial services and the extent of usage of banking services). The results from the panel dynamic model show that financial inclusion index significantly has a positive effect on economic growth in SSA countries. Other findings indicate that there is the existence of a two-way (that is bidirectional) causal relationship between economic growth and financial inclusion. This implies that economic growth facilitates financial inclusiveness, therefore, policymakers should emphasize economic growth policies to foster access to quality and affordable financial services and products, to improve inclusive growth in the continent.
650		0	_aEconomic development _vDissertations, Academic _zAfrica, Sub-Saharan
650		0	_aFinance _vDissertations, Academic _zAfrica, Sub-Saharan
700	1		_aAğa, Mehmet _esupervisor _91658
942			_2ddc _cTS
999			_c282949 _d282949