Financial inclusion, income inequality, and institutions in sub-Saharan Africa: Identifying cross-country inequality regimes

Sawadogo, Relwendé; Semedo, Gervasio

doi:10.1016/j.inteco.2021.05.002

Cited by 38 publications

(21 citation statements)

References 48 publications

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“…The concept of financial inclusion gains more and more area in literature because it is in the current debate. The notion of financial inclusion is put in associated with many other variables such as food production (Agbenyo et al ., 2019; Arshad, 2022; Fowowe, 2020; Osabohien et al ., 2020), inequality (Bittencourt et al ., 2019; Joan et al ., 2022; Sawadogo and Semedo, 2021), economic growth (Emara and El Said, 2021; Kim et al ., 2018). This study looks at the role of financial inclusion in the reduction of post-harvest losses (see Figure).…”

Section: Methodsmentioning

confidence: 99%

Financial inclusion and post-harvest losses in West African economic and Monetary Union

Akpa

Osabohien

Ashraf

et al. 2022

AFR

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PurposePost-harvest losses are major problems faced by farmers and this is due to their poor access to credit considered as a low rate of financial inclusion. This paper aims at analysing the relationship between financial inclusion and post-harvest losses in the West African Economic and Monetary Union (WAEMU).Design/methodology/approachThe study engaged data from the Food and Agriculture Organisation [FAO] for post-harvest losses. Also, it engaged data from Banque Centrale des Etats de l’Afrique de l’Ouest [BCEAO] for financial inclusion over the period 2000 to 2020. The study applied the Instrumental Variable Two-Stage Least Squares (IV-2SLS) and Generalised Method of Moments (GMM) to test the robustness of the results.FindingsThe results show that financial inclusion reduces post-harvest losses by 1.2%. Therefore, given this result, policies to improve farmers’ access to credit by increasing the rate of financial inclusion, is a necessary condition for the reduction of post-harvest losses.Social implicationsSocial implication of this study is that it contributes to the policy debate on the enhancement of food security by reducing post-harvest losses. The reduction in post-harvest losses and food security, will improve the welfare and livelihood of the society. This aims for the actualization of sustainable development goal of food and nutrition security (SDG-2).Originality/valueThe findings imply that efforts by governments and policymakers to improve farmers’ access to credit by increasing the rate of financial inclusion would reduce post-harvest losses in West African countries that are members of the WAEMU. Also, investment in education, ICT and building warehouse for farmers will help in reducing post-harvest losses. It implies that educated farmers have more opportunities to be financially inclusive than those who are not educated.

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Section: Methodsmentioning

confidence: 99%

Financial inclusion and post-harvest losses in West African economic and Monetary Union

Akpa

Osabohien

Ashraf

et al. 2022

AFR

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“…As a result, previous studies (Ayyagari et al, 2021; Djankov et al, 2007; Jappelli & Pagano, 2002; Peria & Singh, 2014) have shown that credit information shared by offices improves the development of credit markets. Furthermore, this strategy has already been adopted by Coulibaly and Yogo (2020) and Sawadogo and Semedo (2021),who also used these variables as instruments…”

Section: Empirical Analysismentioning

confidence: 99%

Does financial development really spur industrialization in sub‐Saharan African countries?

Kinda,

Sawadogo

2023

African Development Review

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Industrialization constitutes one of the strategies of structural transformation in many sub‐Saharan African (SSA) countries. In this paper, we re‐examine the effect of financial development on the industrialization of 35 SSA countries over the period 1996–2018. Contrary to previous work, we formulate the hypothesis that there exists a threshold of financial development beyond which financial development positively influences industrialization. Using the dynamic panel threshold regression model, and system generalized methods of moment models, we find two main results. First, financial development has a negative and significant impact on the development of industrialization. Secondly, the findings show the existence of a nonlinear relationship between financial development and industrialization development. Thus, we find that financial development has a negative effect on industrialization below the threshold while the effect is significantly positive on industrialization in countries whose financial development is above the threshold. The results are stable to the different robustness tests used. These findings highlight the need for SSA countries to develop better financial institutions if they hope to boost the manufacturing sector.

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“…Thus, traditional estimation methods may fail to detect changes in behavior across groups. In this work, we propose a different approach that overcomes the problems raised in the literature by applying the FMM, which enables us to relax the assumption of a single model (Ouédraogo et al, 2020;Sawadogo & Semedo, 2021).…”

Section: Econometric Specificationmentioning

confidence: 99%

Digital Divide, Globalization and Income Inequality in subSaharan African Countries: Analysing Cross-country Heterogeneity

Ndoya

Asongu

2022

SSRN Journal

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Financial inclusion, income inequality, and institutions in sub-Saharan Africa: Identifying cross-country inequality regimes

Cited by 38 publications

References 48 publications

Financial inclusion and post-harvest losses in West African economic and Monetary Union

Financial inclusion and post-harvest losses in West African economic and Monetary Union

Does financial development really spur industrialization in sub‐Saharan African countries?

Digital Divide, Globalization and Income Inequality in subSaharan African Countries: Analysing Cross-country Heterogeneity

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