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Financial inclusion and ethnic development: Evidence from satellite light density at night

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  • Dakhlia, Sami
  • Diallo, Boubacar
  • Temimi, Akram

Abstract

We contribute to the nascent literature on financial inclusion by taking a meso-level perspective. Focusing on eleven ethnic groups in Nigeria and Senegal, we deal with the paucity of data at subnational levels by combining data from the Migration Household Survey with satellite-view light density at night. We find a significant positive link between ethnic financial inclusion and local economic prosperity: a result that remains robust when controlling for local geography, the disease environment, natural resources, and ecological factors.

Suggested Citation

  • Dakhlia, Sami & Diallo, Boubacar & Temimi, Akram, 2021. "Financial inclusion and ethnic development: Evidence from satellite light density at night," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
    • Handle: RePEc:eee:beexfi:v:29:y:2021:i:c:s2214635020303841
    DOI: 10.1016/j.jbef.2020.100455
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    1. Ozili, Peterson K, 2022. "Financial inclusion and sustainable development: an empirical association," MPRA Paper 115772, University Library of Munich, Germany.

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    More about this item

    Keywords

    Financial access; Development; Africa; Ethnicity;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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