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Cited by 27Microfinance and Financial InclusionEconomic Growth and DevelopmentMonetary Policy and Economic Impact

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The Relevance of Financial Inclusion on Sustainable Economic Growth in Sub-Saharan African Nations

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Chima, Menyelim M., Babajide, Abiola Ayopo, Adegboye, Alex, Kehinde, Segun, Fasheyitan, Oluwatobi·2021·Sustainability
DOI 10.3390/su13105581
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Abstract

The primary concern of this examination is to systematically survey the importance of inclusive access to finance on the growth in terms of the economy in 48 sub-Saharan African (SSA) sovereign states with periodicity from 1995 to 2017. This study reports the results using both static and dynamic estimation techniques. For consistency, the baseline finding of the study estimation is based on the Generalized Method of Moments (GMM) system GMM. This article finds that there is a complimentary association between the present degree of inclusiveness of finance and economic advancement in SSA. The suggestion deduced in this examination is that programs with the plan of comprehensive financing ought to be custom fitted to the agricultural segment of the economy to encourage more economic opportunities for development in a sustainable manner.

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Metadata

Authors
Chima, M. M., Babajide, A. A., Adegboye, A., Kehinde, S., & Fasheyitan, O.
Affiliations
Covenant University (NG)
Corresponding author
Fasheyitan, Oluwatobi
ORCID
Venue
Sustainability
Publisher
MDPI AG
Published
2021-05-17
Volume
13
Issue
10
Pages
5581
ISSN
2071-1050 (ISSN-L)
DOI
10.3390/su13105581
OpenAlex
W3160807470
Cited by
27
References
1
Citations by year
2026: 5 · 2025: 4 · 2024: 6 · 2023: 7 · 2022: 4 · 2021: 1
FWCI
3.44
Type
journal article
Language
en
Open access
Licence
Locations
  • Sustainability (publishedVersion, cc-by)
  • Covenant University Repository (Covenant University) (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Funders
  • Covenant University
  • Covenant University Centre for Research, Innovation and Discovery
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
Keywords
financial inclusion, sustainable economic growth, sub-Saharan Africa, access to finance, agricultural finance, inclusive development

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