Effect of Financial Inclusion on Income Inequality in Sub-Saharan Africa

South Asian Journal of Social Studies and Economics

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Title Effect of Financial Inclusion on Income Inequality in Sub-Saharan Africa
Creator Esther, Kipoh Mpele
Description Aims: To analyze financial inclusion as a channel to alleviate inequality in order to provide insight into the edifice of inequality reduction.
Study Design:  Dynamic panel study.
Place and Duration of Study: Sub-Saharan African countries over the period 2004-2018.
Methodology: Using the generalized method of moments (GMM) on a sample of 27 Sub-Saharan African countries.
Results: The results show that the estimated financial inclusion index has a negative effect on income inequality. Therefore, the depth of commercial bank branches and the effective use of bank accounts reduce income inequality.
Conclusion: Increase financial inclusion as well as the development of financial infrastructure and the provision of specific low-cost services tailored to low-income households.
Publisher South Asian Journal of Social Studies and Economics
Date 2020-02-08
Type info:eu-repo/semantics/article
Format application/pdf
Identifier https://journalsajsse.com/index.php/SAJSSE/article/view/30154
Source South Asian Journal of Social Studies and Economics; 2019 - Volume 5 [Issue 4]; 1-15
Language eng
Relation https://journalsajsse.com/index.php/SAJSSE/article/view/30154/56581
Rights Copyright (c) 2019 © 2019 Esther; This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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