Article ID Journal Published Year Pages File Type
5104283 Review of Development Finance 2016 12 Pages PDF
Abstract
The objective of this paper is to examine the determinants of financial inclusion in Africa. We use the World Bank's Global Findex database on 37 African countries to perform probit estimations. We find that being a man, richer, more educated and older favor financial inclusion with a higher influence of education and income. Mobile banking is driven by the same determinants than traditional banking. We observe that the determinants of informal finance differ from those of formal finance. Our work therefore contains findings to design policies to foster financial inclusion in African countries.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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