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The effect of financial inclusion on economic growth

The role of human capital development

Bibliographic Data

ID22110883
AuthorsChristopher Boachie (0000-0002-2660-1176, Central University of Finance and Economics, corresponding author), Eunice Adu-Darko (0000-0002-3445-3118, Central University of Finance and Economics)
Year2024
Volume10
Issue1
Publication date2024-12-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueCogent Social Sciences (JOURNAL)
Journal identifiersISSN: 2331-1886 • E-ISSN: 2331-1886
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/23311886.2024.2346118
OpenAlexW4395690155
LanguageEN
Citations received4
References cited83

This research aims to investigate how financial inclusion affects the expansion of the economy in sub-Saharan Africa. It was conducted through a quantitative research design to analyse the interactive effects of financial inclusion and human capital on this growth. The research was conducted in 47 African countries between 2010 and 2020. The study found that financial inclusion and economic growth were positively correlated using a Driscoll Kray error estimate approach. Financial inclusion has a beneficial effect on economic growth through human capital. To boost economic growth in sub-Saharan Africa, the agenda for financial inclusion must be continuously improved, and human capital development must be furthered

Business · Development economics · Economic growth · Economic system · Economics · Financial capital · Financial inclusion · Financial services · Financial system · Human capital · Public economics · Social science · Sociology · Economic Growth and Development · Financial Literacy, Pension, Retirement Analysis · Microfinance and Financial Inclusion · Finance

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Unique citing works4
Citations per year2
Citation span2024 - 2026 (3)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 4

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