Financial Inclusion and Poverty Alleviation: The Contribution of Commercial Banks in West Africa

Vitenu‐Sackey, Prince Asare; Hongli, Jiang

doi:10.18488/journal.62.2020.71.57.70

Cited by 5 publications

(6 citation statements)

References 21 publications

(26 reference statements)

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“…Human development and institutional quality are virtually inseparable in the improvement of socioeconomic institutions to better allocate and distribute resources equitably (Boström et al, 2018). Stronger institutions ensure protection of the sovereignty of a nation by strengthening the rule of law, controlling corruption, enhancing governance effectiveness, ensuring political stability, promoting voice and accountability, protecting property rights, and improving regulatory quality (Acemoglu & Johnson, 2005;Hussain et al, 2021;Jackson, 2005;Nguyen & Dinh Su, 2021;Vitenu-Sackey & Alhassan, 2019).…”

Section: Institutional Quality and Human Developmentmentioning

confidence: 99%

“…These are corruption control, rule of law, governance effectiveness, regulatory quality, political stability, and voice and accountability. Numerous studies have utilized these indicators individually to measure the stability and sustainability of an economy, rightly representing the quality of socioeconomic institutions (Azam et al, 2021;Nguyen & Dinh Su, 2021;Vitenu-Sackey & Alhassan, 2019).…”

Section: Data and Empirical Modelmentioning

confidence: 99%

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Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

Vitenu‐Sackey

2023

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Social media has grown in importance as a means of social connection and provides a significant avenue for learning about sustainability and related issues. This study aimed to reveal the long-run heterogeneous relationship between social media usage, institutional quality, carbon emissions and human development. We employ second generation techniques, namely augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators to ensure that cross-sectional dependence and heterogeneity are captured. In addition, the system generalized method of moments (GMM) dynamic panel data estimator was used to deal with the issue of endogeneity and serial correlation. The analyses were categorized into three: all sample groups, advanced economies, and transition and developing economies. Our findings show that there is a positive relationship between social media usage, institutional quality, carbon emission and human development. However, social media usage in transition and developing economies is more pronounced than in advanced economies and likewise for institutional quality. With regard to carbon emissions, the impacts are symmetric. Overall, the interaction between social media and carbon emissions adversely affects human development, while the interaction between social media and institutional quality proportionally lead to human development. Most importantly, the impact of social media on human development is not economically beneficial and may be more promising in transition and developing countries.

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Section: Institutional Quality and Human Developmentmentioning

confidence: 99%

Section: Data and Empirical Modelmentioning

confidence: 99%

Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

Vitenu‐Sackey

2023

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“…Asare Vitenu-Sackey & Hongli (2020) show that GDP per capita has a significant effect on alleviating poverty because economic growth plays a vital role in poverty alleviation. The outcome in line with Anarfo et al (2019) implies that financial inclusion is improved by increasing financial sector development and economic growth.…”

Section: Empirical Studiesmentioning

confidence: 99%

Determinants of Financial Inclusion in OIC Countries

Zainorin,

Jalaludin,

Abdul Aziz

et al. 2023

IMBR

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The OIC countries have endorsed financial inclusion as part of their initiatives to uphold the interests of the Muslim world. However, they experience the greatest levels of financial system exclusion, as they are found to have a lower percentage of access to formal bank accounts. Therefore, this study aims to investigate the determinants of financial inclusion in OIC nations. Macroeconomic factors (GDP and the money supply) and bank variables (non-performing loans and the number of internet users) covering the year 2011 to 2020 from 40 OIC nations are included in this paper. Using panel data, the results indicate that both bank variables are positively significant in determining financial inclusion for OIC countries. No significant relationship is found between studied macroeconomic factors and financial inclusion.

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“…Interestingly, a larger number of the population in those regions is into agriculture for their livelihoods. Due to financial constraints, these persons cannot inject funds to turn around their fortunes to alleviate poverty [5]. According to FAO [6] and Chichava et al [7], food production in developing countries is inadequate and requires a significant agricultural investment [8] due to agricultural technology constraints and severe weather conditions.…”

Section: Introductionmentioning

confidence: 99%

“…For this purpose, development agencies and organizations have been urgently resorted to addressing these problems with foreign financial assistance [9,10]. According to the World Food Programme [2], massive governments support, developmental assistance (humanitarian aid), and investment from the private sector could significantly alleviate the hardship in the agricultural food production sector to create innovative and lasting solutions [5,8,11]. Furthermore, the Food and Agriculture Organisation [4] suggests that governments should bridge the gap between the rich and the poor by providing social safety net programs to alleviate the vulnerable and poor persons' plights.…”

Section: Introductionmentioning

confidence: 99%

The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries

et al. 2021

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In many developing countries, the deficiency in public and private investment has resulted in lower growth rates and stagnation in productivity. The need for a new paradigm of foreign investment and aid in agricultural production is becoming exigent in developing countries. Given the decline in per capita arable land, the rise in production costs, and the increase in population and urbanization, major changes in agriculture have been proposed to boost agricultural production. This present study endeavours to contribute to the existing literature by proving whether foreign capital and economic freedom could catapult food production into the much-anticipated growth. In that regard, we performed GLS with correlated disturbances, system GMM dynamic panel data estimators and D-H causality test. The study found that foreign capital as a whole plays a positive role in food production in developing and least developed countries, but FDI is insignificant in least-developed countries. Moreover, economic freedom plays a positive role in food production in least-developed countries but negative in developing countries. Policymakers and governments should create an enabling environment for sustainable food production.

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Financial Inclusion and Poverty Alleviation: The Contribution of Commercial Banks in West Africa

Abstract: Contribution/Originality: This study contributes in the existing literature on financial inclusion but presents a dynamic methodology by assessing the dynamic relationship that exists between financial inclusion and poverty alleviation in the region of West Africa.

Cited by 5 publications

References 21 publications

Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

Determinants of Financial Inclusion in OIC Countries

The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries

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