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The impact of financial inclusion on sectoral economic growth

In: Inclusive Financial Development

Author

Listed:
  • Ayse Demir
  • Joseph Ajefu
  • Kalim Bukhari
  • Victor Murinde

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.

Suggested Citation

  • Ayse Demir & Joseph Ajefu & Kalim Bukhari & Victor Murinde, 2021. "The impact of financial inclusion on sectoral economic growth," Chapters, in: Ahmad H. Ahmad & David T. Llewellyn & Victor Murinde (ed.), Inclusive Financial Development, chapter 5, pages 76-81, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20225_5
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    Keywords

    Development Studies; Economics and Finance;

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