An investigation on the Impact of Economic Growth and Financial Stability on Financial Inclusion in Sub-Saharan Africa

Uji, Omotolani Opeyemi (2023) An investigation on the Impact of Economic Growth and Financial Stability on Financial Inclusion in Sub-Saharan Africa. Masters thesis, Dublin, National College of Ireland.

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Abstract

Financial Inclusion is rising globally on the worldwide policy agenda due to its capacity to give people including low-income individuals and unbanked individuals a way to access financial services. The world bank highlighted the high level of financial exclusion in the Sub-Saharan Africa region because almost 60% of the adults are without bank accounts. However, this study seeks to explore the connections that exist between Economic Growth and Financial stability on financial inclusion. The IMF financial Access survey provides data on the different financial inclusion indicators, data on the economic growth and financial stability indicators were obtained from the world bank’s Global Financial Development and world development indicators respectively. The financial inclusion status of each country was derived through a two-stage robust principal component analysis (RPCA), considering the availability, usage, and penetration of financial services. Furthermore, relationship between the variables was analyzed using fixed effect regression and an additional technique - random effect regression for further analysis. The findings of the study show that liquid Assets to Deposit and short-term funding (Financial Stability Indicator) and GDP per capita (Economic growth indicator) show a significant and positive impact on financial inclusion.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Del Rosal, Victor UNSPECIFIED
Subjects:	H Social Sciences > HG Finance > Banking H Social Sciences > HC Economic History and Conditions > Development Economics H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech H Social Sciences > HG Finance > International Finance. International Monetary System
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Tamara Malone
Date Deposited:	10 Aug 2024 09:47
Last Modified:	10 Aug 2024 09:47
URI:	https://norma.ncirl.ie/id/eprint/7036

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