The impact of financial inclusion on sectoral economic growth

Ayse Demir, Joseph Ajefu, Kalim Bukhari, Victor Murinde

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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In a panel of 69 countries covering the period 2004-2017, the impact of financial inclusion on agricultural, industrial and service sectoral growth appears to change depending on the financial structure of the country. It has comparative advantage in promoting agricultural growth in countries with financial systems dominated by markets, while its effects are stronger on services and industry growth in countries with market-based financial systems.
Original languageEnglish
Title of host publicationInclusive Financial Development
EditorsAhmad H. Ahmad, David T. Llewellyn, Victor Murinde
Place of PublicationCheltenham, Glos
PublisherEdward Elgar
Number of pages6
ISBN (Electronic)9781800376380
ISBN (Print)9781800376373
Publication statusPublished - 19 Oct 2021


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