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Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa

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Listed:
  • Simplice A. Asongu

    (Yaoundé/Cameroon)

  • Jacinta C. Nwachukwu

    (Coventry University, UK)

Abstract

The study assesses the role of mobile phones and mobile banking in decreasing inequality in 52 African countries. The empirical procedure involves first, examining the income-redistributive effect of mobile phone penetration and then investigating the contribution of mobile banking services in this relationship. The findings suggest an equalizing income-redistributive effect of ‘mobile phone penetration’ and ‘mobile banking’, with a higher income-equalizing effect from mobile banking compared to mobile phone penetration. Poverty alleviation channels explaining this difference in inequality mitigating propensity are discussed.

Suggested Citation

  • Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Mobile Phone Penetration, Mobile Banking and Inclusive Development in Africa," Research Africa Network Working Papers 16/021, Research Africa Network (RAN).
  • Handle: RePEc:abh:wpaper:16/021
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    Cited by:

    1. Asongu, Simplice A. & Nwachukwu, Jacinta C., 2018. "Educational quality thresholds in the diffusion of knowledge with mobile phones for inclusive human development in sub-Saharan Africa," Technological Forecasting and Social Change, Elsevier, vol. 129(C), pages 164-172.
    2. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Recent finance advances in information technology for inclusive development: a systematic review," Netnomics, Springer, vol. 19(1), pages 65-93, October.
    3. Jeremiah O. Ejemeyovwi & Evans S. Osabuohien, 2020. "Investigating the relevance of mobile technology adoption on inclusive growth in West Africa," Contemporary Social Science, Taylor & Francis Journals, vol. 15(1), pages 48-61, January.
    4. Simplice Asongu & Nicholas Odhiambo, 2017. "Mobile banking usage, quality of growth, inequality and poverty in developing countries," Working Papers of the African Governance and Development Institute. 17/046, African Governance and Development Institute..
    5. Uchenna R. Efobi & Belmondo V. Tanankem & Simplice A. Asongu, 2018. "Female Economic Participation with Information and Communication Technology (ICT) Advancement: Evidence from Sub-Saharan Africa," Research Africa Network Working Papers 18/005, Research Africa Network (RAN).
    6. Uchenna R. Efobi & Belmondo V. Tanankem & Simplice A. Asongu, 2018. "Female Economic Participation with Information and Communication Technology Advancement: Evidence from Sub‐Saharan Africa," South African Journal of Economics, Economic Society of South Africa, vol. 86(2), pages 231-246, June.
    7. Efobi, Uchenna & Tanankem, Belmondo & Asongu, Simplice, 2016. "Technological Advancement and the Evolving Gender Identities: A Focus on the Level of Female Economic Participation in Sub-Saharan Africa," MPRA Paper 77306, University Library of Munich, Germany.
    8. Asongu, Simplice A. & Le Roux, Sara, 2017. "Enhancing ICT for inclusive human development in Sub-Saharan Africa," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 44-54.
    9. Asongu, Simplice A. & Nwachukwu, Jacinta C. & Orim, Stella-Maris I., 2018. "Mobile phones, institutional quality and entrepreneurship in Sub-Saharan Africa," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 183-203.
    10. Ahmad Hassan Ahmad & Christopher Green & Fei Jiang, 2020. "Mobile Money, Financial Inclusion And Development: A Review With Reference To African Experience," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 753-792, September.
    11. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Remittances, the diffusion of information and industrialisation in Africa," Contemporary Social Science, Taylor & Francis Journals, vol. 15(1), pages 98-117, January.
    12. Simplice A. Asongu & Ndemaze Asongu, 2019. "The Role of Mobile Phones in Governance-Driven Technology Exports in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 849-867, June.
    13. Simplice A. Asongu, 2017. "A Survey on Inequality-Adjusted Human Development in Africa," Africagrowth Agenda, Africagrowth Institute, vol. 14(1), pages 4-7.
    14. Asongu, Simplice & Nwachukwu, Jacinta, 2017. "Comparative human development thresholds for absolute and relative pro-poor mobile banking in developing countries," MPRA Paper 79636, University Library of Munich, Germany.
    15. Asongu, Simplice A & Odhiambo, Nicholas M., 2018. "Human development thresholds for inclusive mobile banking in developing countries," Working Papers 24399, University of South Africa, Department of Economics.
    16. Simplice A. Asongu & Jacinta C. Nwachukwu, 2017. "Building Knowledge Economies in Africa: A Survey of Policies and Strategies," Research Africa Network Working Papers 17/021, Research Africa Network (RAN).
    17. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Basic formal education quality, information technology, and inclusive human development in sub‐Saharan Africa," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(3), pages 419-428, May.
    18. Mustapha Iddrisu & Akolaa Andrews Adugudaa & Albert Martins, 2020. "Receiving and Action Oriented Attitude of the Youth Towards Mobile Marketing: A Transitional Economy Perspective," International Journal of Marketing Studies, Canadian Center of Science and Education, vol. 12(4), pages 1-14, December.
    19. Mark Edem Kunawotor & Godfred Alufar Bokpin & Patrick O. Asuming & Kofi A. Amoateng, 2022. "The distributional effects of fiscal and monetary policies in Africa," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(1), pages 127-146, June.
    20. Simplice A. Asongu, 2017. "Mobile Phone Innovation and Technology-driven Exports in Sub-Saharan Africa," Research Africa Network Working Papers 17/042, Research Africa Network (RAN).
    21. Asongu, Simplice & Nwachukwu, Jacinta, 2017. "Recent finance advances in information technology for inclusive development: a survey," MPRA Paper 79638, University Library of Munich, Germany.
    22. Danquah, Michael & Iddrisu, Abdul Malik, 2018. "Access to mobile phones and the wellbeing of non-farm enterprise households: Evidence from Ghana," Technology in Society, Elsevier, vol. 54(C), pages 1-9.
    23. Dominic E. Azuh & Jeremiah O. Ejemeyovwi & Queen Adiat & Babatunde A. Ayanda, 2020. "Innovation and Human Development Perspectives in West Africa," SAGE Open, , vol. 10(4), pages 21582440209, December.

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    More about this item

    Keywords

    Banking; Mobile Phones; Shadow Economy; Financial Development; Africa;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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