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Foreign bank presence and inclusive growth in Africa: the moderating role of financial development

Author

Listed:
  • Khadijah Iddrisu
  • Joshua Yindenaba Abor
  • Thadious Kannyiri Banyen

Abstract

Purpose - The purpose of this study is to assess the extent to which the nexus between foreign bank presence (FBP) and inclusive growth is being impacted by the financial development. Design/methodology/approach - The study used a two-stage system generalized method of moment (GMM), using 28 African countries from the period 2000 to 2018. Findings - The study found a positive effect of FBP on inclusive growth. While financial development magnifies the positive effect of FBP, inclusive growth nexus, it has a direct effect on inclusive growth. Practical implications - For Africa to ascertain the positive effect of FBP on inclusive growth, financial system must be developed to reduce the cream-skim behavior of foreign banks. Originality/value - This paper assess the extent to which developing economy's developed financial system form synergies with FBP to further enhance the inclusiveness of growth.

Suggested Citation

  • Khadijah Iddrisu & Joshua Yindenaba Abor & Thadious Kannyiri Banyen, 2023. "Foreign bank presence and inclusive growth in Africa: the moderating role of financial development," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 15(3), pages 349-365, November.
    • Handle: RePEc:eme:ajemsp:ajems-11-2022-0444
    DOI: 10.1108/AJEMS-11-2022-0444
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    Citations

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    Cited by:

    1. Khadijah Iddrisu, 2024. "Foreign bank presence and income inequality in Africa: What role does economic freedom play?," Future Business Journal, Springer, vol. 10(1), pages 1-14, December.
    2. Onesmus Mbaabu Mutiiria & Joseph Nzomoi & Peter Kamoni, 2024. "Financial Development and Its Effect on Inclusive Growth in Kenya 2000 - 2022," International Journal of Economics, IPRJB, vol. 9(3), pages 1-20.
    3. Chika P. Imoagwu & Maria Chinecherem Uzonwanne & Clement S. Ezeanyeji & Rosemary C. Umeh & Grace Mba Olughu, 2026. "Financial Inclusion and Inclusive Growth in Nigeria: A Critical Appraisal for Evidence Based Policy," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 10(2), pages 7970-7983, February.
    4. Jinapor, John Abdulai & Abor, Joshua Yindenaba & Graham, Michael, 2025. "Energy consumption and inclusive growth in Sub-Saharan Africa: Does foreign direct investment make a difference?," Energy Policy, Elsevier, vol. 198(C).

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