Achugamonu, Bede U. and Adetiloye, K. A. and Adegbite,, Esther Olufunmilayo and Babajide, A. A (2020) Financial exclusion of bankable adults: implication on financial inclusive growth among twenty-seven SSA countries. Cogent Social Sciences.
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Abstract
The G20 made a commitment to adopt financial inclusion as a major support towards the achievement of its 2030 Agenda for Sustainable Development of all member countries. Specifically, the sustainable development goals of employment creation, hunger elimination and poverty reduction would be addressed when those in the informal sector are captured into mainstream finance. This study investigated how financial exclusion impairs inclusive drive of 27 sub Saharan African countries using secondary data sourced from World Bank database for 10 years (2007–2017). Granger Error Correction Method (ECM) with General Methods of Moments (GMM) of Arellanon and Bond (1991) were used to analyse the short panel data obtained from the World Bank database. The ECM test result found evidence of a long-run relationship, however, in the short-run, there is an insignificant but positive relationship between financial inclusion and exclusion with values recorded at 0.33, 0.37 and 0.32 for low, moderate and high financial stable countries, respectively. This implies that, there is no correlation between financial
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | financial inclusion; financial exclusion; bankable adults; unemployment; SDGs |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 01 Jul 2021 08:34 |
| Last Modified: | 01 Jul 2021 08:34 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/15180 |
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