The impact of financial inclusion on sectoral economic growth

Ayse Demir; Joseph Ajefu; Kalim Bukhari; Victor Murinde

doi:10.4337/9781800376380.00010

The impact of financial inclusion on sectoral economic growth

Ayse Demir, Joseph Ajefu, Kalim Bukhari, Victor Murinde

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Abstract

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 language	English
Title of host publication	Inclusive Financial Development
Editors	Ahmad H. Ahmad, David T. Llewellyn, Victor Murinde
Place of Publication	Cheltenham, Glos
Publisher	Edward Elgar
Chapter	5
Pages	76–81
Number of pages	6
ISBN (Electronic)	9781800376380
ISBN (Print)	9781800376373
DOIs	https://doi.org/10.4337/9781800376380.00010
Publication status	Published - 19 Oct 2021

Keywords

Financial structure
financial inclusion
economic structure
sectoral economic growth

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.4337/9781800376380.00010

Manuscript_Book_ChapterAccepted author manuscript, 281 KB

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AU - Murinde, Victor

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KW - financial inclusion

KW - economic structure

KW - sectoral economic growth

UR - https://www.scopus.com/pages/publications/85130649439

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M3 - Chapter

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PB - Edward Elgar

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The impact of financial inclusion on sectoral economic growth

Abstract

Keywords

UN SDGs

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