IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2020i1p195-215.html
   My bibliography  Save this article

Does Financial Inclusion cause Economic Growth in Zimbabwe? An Empirical Investigation

Author

Listed:
  • Alexander Maune

    (UNISA)

  • Ephraim Matanda

    (GZU Masvingo)

  • Justice Mundonde

    (Zimbabwe)

Abstract

In this article, the researchers used a multiple linear regression model to examine the impact financial inclusion on economic growth in Zimbabwe during the period 2011 to 2017. To capture the depth and width of financial inclusion in Zimbabwe, financial services, information and communication technology as well as mobile network variables were used as proxies for financial inclusion while gross domestic product was used for economic growth. Secondary data for these variables was extracted from G20 Financial Inclusion, Global Financial Development and World Development Indicators 2019 databases. The empirical findings of this study show that financial inclusion has a positive impact on economic growth in Zimbabwe. These results are relevant despite the economic challenges facing Zimbabwe. The researchers therefore, recommend pro-financial inclusion and pro-free market based financial sector development policies in Zimbabwe in order stir free market based financial sector growth and economic development. Therefore, the article is value to policy makers, researchers and the private sector.

Suggested Citation

  • Alexander Maune & Ephraim Matanda & Justice Mundonde, 2020. "Does Financial Inclusion cause Economic Growth in Zimbabwe? An Empirical Investigation," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 16(1), pages 195-215, FEBRUARY.
    • Handle: RePEc:dug:actaec:y:2020:i:1:p:195-215
    as

    Download full text from publisher

    File URL: http://dj.univ-danubius.ro/index.php/AUDOE/article/view/37/15
    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:dug:actaec:y:2020:i:1:p:195-215. 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: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.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.