Financial inclusion in Africa: Does it promote entrepreneurship?

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dc.contributor.authorAjide, Folorunsho
dc.date.accessioned2023-06-22T14:07:31Z
dc.date.available2023-06-22T14:07:31Z
dc.date.issued2020-11-30
dc.description.abstractsystem. Financial inclusion has a lot of benefits in the society. It can reduce the level of poverty, inequality and encourage business startup. This study aims to examine the impact of financial inclusion on entrepreneurship in selected African countries. Design/methodology/approach – This paper examines how financial inclusion impacts entrepreneurship in 13 selected African countries using data fromWorld Bank Development Indicators, IMF’s International Financial Statistics, doing business and World Bank Entrepreneurship Survey for the period of 2005-2016. It uses panel data regression techniques such as random effect, IV estimation and robust least square. Findings – The results show that financial inclusion has a significant and positive effect on entrepreneurship in Africa. This result is robust to both alternative measures of financial inclusion and alternative estimators. Originality/value – The possible relationship between financial inclusion and entrepreneurial development has been an ongoing debate in other developing countries. However, this issue has been neglected in the African region. There are little or no evidence to support the possible relationship in Africa. This paper makes an important contribution in this respect and further provides insightful information in the ongoing debate.en_US
dc.identifier.citationAjide, F. M. (2020). Financial inclusion in Africa: Does it promote entrepreneurship? Journal of Financial Economic Policy, 12(3), Published by Emerald Insight. Available online at https://www.emerald.com/insight/publication/issn/1757-6385/vol/12/iss/4en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/11250
dc.language.isoenen_US
dc.publisherEmerald Insighten_US
dc.subjectFinancial inclusion, Firm creation, Random effect, Stating a business, Africa, Banks, Economic development, Financial markets, Financing policyen_US
dc.titleFinancial inclusion in Africa: Does it promote entrepreneurship?en_US
dc.typeArticleen_US

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