DETERMINANTS OF FINANCIAL INCLUSION IN AFRICA AND OECD COUNTRIES

DETERMINANTS OF FINANCIAL INCLUSION IN AFRICA AND OECD COUNTRIES

Autor: Samuel Fiifi Eshun (MCom),
prof. Ing. Evžen Kočenda Ph.D., DSc.,
Ostatní autoři:  
Typ: IES Working Papers
Rok: 2023
Číslo: 18
ISSN / ISBN:  
Publikováno v: IES Working Papers 18/2023
Místo vydání: Praha
Klíčová slova: Financial Inclusion, Financial Inclusion Index, Sub-Saharan Africa (SSA), Organization for Economic Co-operation and Development (OECD), System Generalized Methods of Moments (GMM)
JEL kódy: C23, E44, F65, G21, O16, O57
Citace: Eshun S.F., Kočenda E. (2023): "Determinants of Financial Inclusion in Africa and OECD Countries" IES Working Papers 6/2023. IES FSV. Charles University.
Abstrakt: Using a dynamic panel data analysis, we explore the factors influencing financial inclusion in Sub-Saharan Africa (SSA) and countries belonging to the Organization for Economic Co-operation and Development (OECD). We employ the System Generalized Method of Moments (GMM) estimator and assess 31 SSA and 38 OECD countries from 2000-2021. We found that the differences in trade openness, banks' efficiency, income, and remittances are some macro-level factors that explain the variation in financial inclusion levels. We highlight the importance of quality literacy policies, trade improvement with restrictions on cross-border capital flows, and a more efficient financial system to promote financial inclusion.
Ke stažení: wp_2023_18_eshun, kocenda.pdf