Showing papers by "Joshua Abor published in 2020"
TL;DR: In this paper, the behavior and effectiveness of CBI on fiscal policy varies between non-election and election years, and whether the CBI's effectiveness varies with the number of voters in a constituency.
Abstract: The study primarily investigates if the behavior and effectiveness of CBI on fiscal policy varies between non-election and election years. It also examines whether the effectiveness of CBI in impro...
74 citations
TL;DR: In this article, the authors examined the impact of financial regulation on financial inclusion in Sub-Saharan Africa, considering the moderating role of financial stability, and found that financial stability augments financial regulation.
64 citations
TL;DR: In this paper, the authors used a Panel VAR framework to determine the proportional contribution of government oil revenue investment and private investment among a sample of 83 oil-producing countries during the period, 1990-2015.
28 citations
19 citations
TL;DR: The Central Bank Independence (CBI) as a mechanism for achieving lower inflation and effective regulation and supervision of the financial sector should promote financial sector development is discussed in this paper, though the...
Abstract: Central Bank Independence (CBI) as a mechanism for achieving lower inflation and effective regulation and supervision of the financial sector should promote financial sector development. Though the...
12 citations
TL;DR: In this article, the authors examined the impact of the COVID-19 pandemic on the health financing system in Ghana and found that the crisis presents two different crises: a health crisis and an economic crisis.
Abstract: This article examined the impact of the COVID-19 pandemic on the health financing system in Ghana The COVID-19 pandemic presents two different crises—a health crisis and an economic crisis, and th
10 citations
29 Dec 2020
TL;DR: In this paper, a discussion on the theoretical and empirical issues underlying finance, economic growth, and development phenomena is presented. The authors discuss financial repression, liberalization, and growth.
Abstract: This chapter provides a discussion on the theoretical and empirical issues underlying finance, economic growth, and development phenomena. It discusses financial repression, liberalization, and growth. The financial sector refers to the set of institutions, markets, instruments, and regulatory setup under which financial transactions are carried out in the financial system. Generally, financial development suggests advancement in the financial sector in terms of institutions, markets, and instruments/products. Deposit-taking financial institutions refer to financial institutions that are licensed to receive and manage deposits on behalf of clients. There are a number of deposit-taking financial institutions. The chapter focuses on some of these institutions such as, banks, microfinance institutions, and credit unions. Financial securities available on the capital markets are essentially long-term in nature and consist mainly of stocks and bonds. The Ghana Alternative Market was launched in 2013 to help small and medium-size enterprises generate funds to start their operations or expand their business operations.
3 citations
29 Dec 2020
TL;DR: In this paper, the authors define financial inclusion and provide a guide to its measurement, discuss the determinants of and barriers to financial inclusion, assess the link between inclusive finance and financial development, and discuss the roles of institutional architecture in financial inclusion.
Abstract: This chapter defines financial inclusion and provides a guide to its measurement. It discusses the determinants of and barriers to financial inclusion and assesses the link between inclusive finance and financial development. The chapter examines the effect of inclusive finance on economic growth. It then discusses the roles of institutional architecture in the financial inclusion–economic development nexus. A more succinct view of financial inclusion in three-dimensional form was provided by T. Hall. The components of Hall’s three-dimensional view of financial inclusion are financial participation, financial capability, and financial well-being. One of the important indicators of financial inclusion is savings. Determinants of and barriers to financial inclusion can be usefully categorised into demand-side factors and supply-side factors. Theoretically, financial inclusion can promote economic growth and development through the following channels: capital accumulation, innovation and entrepreneurship, income and employment, opportunities for diversification, productivity, and financial security. Financial inclusion promotes the accumulation of savings in the banking system and in other financial intermediaries.