IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxxiiy2025i1(642)p211-236.html
   My bibliography  Save this article

Macro-economic determinants of financial inclusion: evidence from West African Economic and Monetary Union (WAEMU)

Author

Listed:
  • Djakaria TOU

    (Norbert Zongo University, Burkina Faso)

  • Mahamadou DIARRA

    (Norbert Zongo University, Burkina Faso)

Abstract

The aim of this paper is to identify the main macroeconomic determinants of financial inclusion in the WAEMU over the period 2007-2020. Our estimation results from GLS and RE reveal that income per capita, education, mobile phone access and gross fixed capital formation positively and significantly affect financial inclusion in WAEMU. However, our results show that final household consumption expenditure and the share of the population living in rural areas have a negative and significant impact on financial inclusion in WAEMU. This suggests the need to strengthen the financial education of populations, as well as investment in adequate infrastructure in rural areas, likely to attract investors from the financial system.

Suggested Citation

  • Djakaria TOU & Mahamadou DIARRA, 2025. "Macro-economic determinants of financial inclusion: evidence from West African Economic and Monetary Union (WAEMU)," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(642), S), pages 211-236, Spring.
    • Handle: RePEc:agr:journl:v:xxxii:y:2025:i:1(642):p:211-236
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1818.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1818&rid=158
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxxii:y:2025:i:1(642):p:211-236. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.