Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa

Authors

  • Tough Chinoda Women's University in Africa, Harare, Zimbabwe
  • Joseph Olorunfemi Akande Namibia University of Science and Technology, Windhoek, Namibia

Abstract

Whether finance enhances growth has continued to be a major debate among academics in the bids to drive economic growth and development. Hitherto, empirical studies focusing on Africa in addressing these issues for the expected regional sustainable growth are rare. This study applied structural equation modelling to simultaneously analyse mobile phones diffusion, financial inclusion, and economic growth in a panel of 32 African countries over the period from 2004 to 2016. The results provided evidence that financial inclusion affects economic growth via mobile phones. This study has implication for managing the deployment of mobile phones by for finance and growth relevance in Africa.

Keywords: Financial inclusion, mobile phones diffusion, economic growth, structural equation modelling

JEL Classifications: B26; C58; G21

DOI: https://doi.org/10.32479/ijefi.8256

Downloads

Download data is not yet available.

Author Biographies

Tough Chinoda, Women's University in Africa, Harare, Zimbabwe

Department of Management and Entrepreneurial Sciences

Joseph Olorunfemi Akande, Namibia University of Science and Technology, Windhoek, Namibia

Senior Lecturer in AccountingAccounting and Finance DivisionDepartment of Accounting, Economic and Finance

Downloads

Published

2019-09-03

How to Cite

Chinoda, T., & Akande, J. O. (2019). Financial Inclusion, Mobile Phone Diffusion, and Economic Growth; Evidence from Africa. International Journal of Economics and Financial Issues, 9(5), 104–110. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/8256

Issue

Section

Articles

Most read articles by the same author(s)