Inequality, ICT and financial access in Africa

Portfolios of the Poor: How the World's Poor Live on $2 a Day. By Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven. Princeton, NJ: Princeton University Press, 2009, 320 pp., ...

Portfolios of the Poor: How the World's Poor Live on $2 a Day

https://isiarticles.com/bundles/Article/pre/pdf/16363.pdf

Financial development, ICT diffusion and economic growth: Lessons from MENA region

This study assesses the role of ICT in modulating the impact of education and lifelong learning on income inequality and economic growth. It focuses on a sample of 48 African countries from 2004 to 2014. The empirical evidence is based on the generalised method of moments (GMM). The following findings are established. First, mobile phone and internet each interact with primary school education to decrease income inequality. Second, all ICT indicators interact with secondary school education to exert a negative impact on the Gini index. Third, fixed broadband distinctly interacts with primary school education and lifelong learning to have a positive effect on economic growth. Fourth, ICT indicators do not significantly influence inequality and economic growth through tertiary school education and lifelong learning. These main findings are further substantiated. Policy implications are discussed.

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The Role of ICT in Modulating the Effect of Education and Lifelong Learning on Income Inequality and Economic Growth in Africa

This study explores the role of the information and communication technology (ICT) and financial development (FD) in both carbon emissions and economic growth for the G7 countries for the period 1990 to 2014. Using PMG, we found that the ICT has a long-run positive effect on emissions, while FD is a weak determinant. The interactive term between the ICT and FD produces negative coefficients. Also, both the variables are found to impact negatively on economic growth. However, their interaction shows that they have mixed effect on economic growth, i.e., positive in the short run and negative in the long run. Policy implications were designed based on these results.

/pdf/the-role-of-ict-and-financial-development-in-co2-emissions-2sr45d57s0.pdf

The role of ICT and financial development in CO2 emissions and economic growth

This paper studies the impact of information and communication technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, we investigate whether financial inclusion is one of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on economic growth, we use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of local calls. We address any endogeneity issues by using the System Generalized Method of Moment (GMM) estimator. Financial inclusion is captured by variables measuring access to financial services, such as the number of deposits or loans per head, compiled by Beck, Demirguc-Kunt, and Martinez Peria (2007) and the Consultative Group to Assist the Poor (CGAP, 2009). The results confirm that ICT, including mobile phone development, contribute significantly to economic growth in African countries. Part of the positive effect of mobile phone penetration on growth comes from greater financial inclusion. At the same time, the development of mobile phones consolidates the impact of financial inclusion on economic growth, especially in countries where mobile financial services take hold.

ICT, Financial Inclusion, and Growth Evidence from African Countries

https://www.imf.org/-/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/2011/_wp1173.ashx

ICT, Financial Inclusion and Growth: Evidence from African Countries

This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings, banking sector development, and political risk are the main determinants of stock market development We also find that liberalizing the capital account promotes financial market development only in countries with high incomes, well- developed institutions, or both The powerful impacts of political risk on both banking sector and stock market development suggest that resolution of political risk may be important to the development of African financial markets

https://papers.ssrn.com/sol3/Delivery.cfm/wp09182.pdf?abstractid=1474590&mirid=1&type=2

Understanding the Growth of African Financial Markets

This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings, banking sector development, and political risk are the main determinants of stock market development. We also find that liberalizing the capital account promotes financial market development only in countries with high incomes, well-developed institutions, or both. The powerful impacts of political risk on both banking sector and stock market development suggest that resolution of political risk may be important to the development of African financial markets.

/pdf/understanding-the-growth-of-african-financial-markets-4x32ny35c7.pdf

This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, financial repression, and political risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings, banking sector development, and political risk are the main determinants of stock market development. We also find that liberalizing the capital account promotes financial market development only in countries with high incomes, well- developed institutions, or both. The powerful impacts of political risk on both banking sector and stock market development suggest that resolution of political risk may be important to the development of African financial markets.

https://www.imf.org/-/media/Websites/IMF/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp09182.ashx

Mihasonirina Andrianaivo

Papers

ICT, Financial Inclusion, and Growth Evidence from African Countries

ICT, Financial Inclusion and Growth: Evidence from African Countries

Understanding the Growth of African Financial Markets

Understanding the Growth of African Financial Markets

Understanding the Growth of African Financial Markets