Analysis of the Determinants of Financial Inclusion in Central and West Africa

doi:10.1080/19186444.2016.1265763

Publication:
Analysis of the Determinants of Financial Inclusion in Central and West Africa

dc.contributor.author	Soumare, Issouf
dc.contributor.author	Tchana Tchana, Fulbert
dc.contributor.author	Kengene, Thierry Martial
dc.date.accessioned	2017-02-07T15:42:55Z
dc.date.available	2017-02-07T15:42:55Z
dc.date.issued	2016-12-08
dc.description.abstract	Using data from the Global Financial Inclusion database (Global Findex) of the World Bank, this study attempts to identify and analyse the determinants of financial inclusion in Central and West Africa, two of the least financial inclusive regions of the Africa continent. The findings indicate that access to formal finance in the two regions is mainly driven by individual characteristics such as gender, education, age, income, residence area, employment status, marital status, household size and degree of trust in financial institutions. However, Central Africa and West Africa differ with the entire Africa region on a number of important determinants of access to finance. Specifically, educated, working-age, urban resident and full-time employed are significant individual characteristics of access to formal account in both regions and in Africa. However, being male and/or married are positive determinants of financial inclusion for Central Africa and Africa, whereas income is significant in West Africa and Africa. In addition, household size has a negative impact on account ownership in West African and not in Central Africa. When we use the other financial inclusion indicators (saving, borrowing or frequency of use), the above determinants remain all significant for Africa, but not necessarily for Central Africa or West Africa, where they have different degree of significance. As policy recommendations, governments and their partners in these regions should adopt or strengthen regulatory laws to better protect financial services consumers, enlarge population access to education, ease access to finance for the vulnerable groups (women, youth, poor, etc.), and continue their effort to increase the number of permanent and stable jobs created with special focus on gender and marital status in Central Africa and income and household size in West Africa.	en
dc.identifier.citation	Transnational Corporations Review
dc.identifier.doi	10.1596/26005
dc.identifier.issn	1918-6444
dc.identifier.uri	https://hdl.handle.net/10986/26005
dc.language.iso	en_US
dc.publisher	Taylor and Francis
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	access to finance
dc.subject	financial inclusion
dc.subject	Global Findex
dc.subject	gender
dc.title	Analysis of the Determinants of Financial Inclusion in Central and West Africa	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.associatedcontent	http://www.tandfonline.com/doi/full/10.1080/19186444.2016.1265763 Journal website (version of record)
okr.date.disclosure	2018-06-08
okr.doctype	Publications & Research::Journal Article
okr.doctype	Publications & Research
okr.externalcontent	External Content
okr.identifier.doi	10.1080/19186444.2016.1265763
okr.identifier.doi	10.1596/26005
okr.identifier.report	112993
okr.journal.nbpages	231-49
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.administrative	Africa
okr.region.geographical	Central Africa
okr.region.geographical	West Africa
okr.topic	Finance and Financial Sector Development::Access to Finance
okr.topic	Finance and Financial Sector Development::Finance and Development
okr.topic	Finance and Financial Sector Development::Financial Literacy
okr.topic	Finance and Financial Sector Development::Microfinance
okr.unit	Finance and Markets Global Practice
okr.volume	8(4)