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Financial Access and Economic Growth: Evidence from Sub-Saharan Africa

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  • Takeshi Inoue
  • Shigeyuki Hamori

Abstract

This study empirically analyzes the effects of financial access on economic growth in Sub-Saharan Africa. By estimating panel data on thirty-seven countries from Sub-Saharan Africa between 2004 and 2012, we examine whether improved access to financial services has contributed to economic growth in this region. The empirical results clearly indicate that financial access has a statistically significant and robust effect on increasing economic growth in Sub-Saharan Africa.

Suggested Citation

  • Takeshi Inoue & Shigeyuki Hamori, 2016. "Financial Access and Economic Growth: Evidence from Sub-Saharan Africa," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(3), pages 743-753, March.
    • Handle: RePEc:mes:emfitr:v:52:y:2016:i:3:p:743-753
    DOI: 10.1080/1540496X.2016.1116282
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