The role of financial inclusion in improving household well‐being

Dados Bibliográficos

ID21594422
AutoresCarlos Sakyi‐Nyarko (0000-0002-5168-8402, School of Business and Economics Loughborough University Leicestershire UK), Ahmad Hassan Ahmad (0000-0002-6004-0181, School of Business and Economics Loughborough University Leicestershire UK, autor correspondente), Christopher J Green (0000-0002-9818-6506, School of Business and Economics Loughborough University Leicestershire UK)
Ano2022
Volume34
Fascículo8
Páginas1606-1632
Data de publicação2022-11-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of International Development (JOURNAL)
Identificadores do periódicoISSN: 0954-1748 • E-ISSN: 1099-1328
EditoraWiley (PUBLISHER • GB)
DOI10.1002/jid.3661
OpenAlexW4224927246
IdiomaEN
Citações recebidas11
Referências citadas58

Using a nationally representative household survey data collected from Ghana, this paper investigates the relationship between financial inclusion and household well‐being. The paper computes a comprehensive index for financial inclusion incorporating all its dimensions: availability, accessibility, usage and quality. Our econometric analyses employ both discrete and continuous models to produce robust results. The main result indicates that there are significant welfare gains from increased financial inclusion irrespective of its measure and control for endogeneity. The results also suggest that enhanced financial inclusion increases the likelihood of improving food consumption, medical treatment, cash income and school attendance outcomes. Thus, there is a clear policy implication: increasing financial inclusion will significantly contribute to the attainment of some key Sustainable Development Goals (SDGs)

Attendance · Business · Econometrics · Economic growth · Economics · Endogeneity · Financial inclusion · Financial services · Public economics · Welfare · Financial Literacy, Pension, Retirement Analysis · Microfinance and Financial Inclusion · Poverty, Education, and Child Welfare · Finance