The Relevance of Financial Inclusion on Sustainable Economic Growth in Sub-Saharan African Nations

Chima, Menyelim; Babajide, Abiola Ayopo; Adegboye, Alex; Kehinde, Segun Isaac; Fasheyitan, Oluwatobi

doi:10.3390/su13105581

Cited by 15 publications

(6 citation statements)

References 76 publications

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“…[14] In Sub-Saharian Africa, scholars found that "there is a complimentary association (correlation) between the present degree of inclusiveness of finance and economic advancement in SSA." [3] Indian studies also identified similar results of "a positive association between economic growth and various dimensions of financial inclusion." [27] However, most works of literature are China-based studies and are categorized into three main themes: rural revitalization and sustainable economic growth in the form of a green economy and promoting small and micro enterprises (SMEs).…”

Section: Literature Reviewmentioning

confidence: 56%

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

Luo¹

2023

AEMR

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Digital Financial Inclusion (DIF) gains growing momentum as digitalization accelerates and financial technologies burgeon in recent years. This study finds some causes of DIF's impact on economic growth with multiple linear regression analyses under mediating variables. Based on data from seven global countries from 2011-2021, the empirical result finds that innovation, coverage, literacy, and attitude play essential roles in driving economic growth in DIF, respectively, and cooperatively. Future implications derived from the results are that policymakers should incentivize investments in R&D, network infrastructure, financial education programs, and financial awareness campaigns, enhance consumer protection against malpractice and fraud, and foster trust by strengthening regulations on corporate responsibility.

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Section: Literature Reviewmentioning

confidence: 56%

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

Luo¹

2023

AEMR

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“…The impact factor of sponge city speed on economic growth in lag three is also positive, with a coefficient of 0.2160; this is significant at a 5% confidence level, thus proving that sponge city construction also contributes significantly to economic growth, mainly because of the scale effect of urban industry and the modernization of agriculture in the countryside. Moreover, this contributes significantly to the economic development of the northern region [ 57 , 58 , 59 , 60 , 61 , 62 , 63 ].…”

Section: Empirical Analysismentioning

confidence: 99%

The Economic Value of Water Ecology in Sponge City Construction Based on a Ternary Interactive System

Zhou

Wang²,

Wang³

et al. 2022

IJERPH

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Ecological water resources occupy a vital position in the national economy; without sufficient ecological water resources, the construction and economic development of sponge cities would be seriously restricted. Appropriately, the Chinese government proposed that sponge city planning should be carried out in accordance with the number of available ecological water resources. The government therefore put forward the method of conservation and intensification to solve the problem of water shortage. This paper highlights the interactions between ecological water resources, sponge cities, and economic development in northern China, starting with the interaction and mechanism of action that concerns ecological water resource utilization, sponge cities, and economic development. In the empirical test, the dynamic changes of the three indicators were analyzed empirically using the panel data vector autoregression method, and the dynamic relationship of each factor was measured using generalized moment estimation. It was found that ecological water resources are a key factor in promoting regional economic development, and the relationship between ecological water resources and sponge cities is both supportive and constraining; therefore, the constraints that ecological water resources place on sponge cities also indirectly affects economic development. To disconnect the use of water and ecological resources from economic development, it is necessary to note the following: the feedback effect of economic development and the resolution of the contradiction between sponge cities, water, and ecological resource use.

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“…Remarkably, strategic management of entrepreneurs is explicitly encapsulated in their capability to increase revenue-base and lessening of expenses (see Akinbode, Dipeolu, Bolarinwa & Olukowi, 2020;Chima et al, 2021;Alford & Greve, 2023). According to Peter Drucker in 1954, organizations see management by objective (MBO) as a philosophy and approach via which the strategic plans of entrepreneurs are realized.…”

Section: Introductionmentioning

confidence: 99%

Strategic Management and Entrepreneurial Revenue Growth in Nigeria: An Empirical Analysis

Edith¹

2023

International Journal of Entrepreneurship and Business Innovati

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This paper empirically analyzed the relationship between strategic management and entrepreneurial revenue growth in Nigeria using the descriptive survey research design. The theoretical framework of this study was hinged on the collaborative model of strategic management. The study relied on primary data obtained which was administered on six hundred (600) entrepreneurs in six (6) states of the Nigerian federation. Data obtained were analyzed via descriptive statistics (frequency counts, simple percentages, mean, standard deviation, minimum and maximum values, skewness kurtosis) and inferential statistics (simple regression). Findings revealed that strategic management serves as a major determinant in enhancing entrepreneurial revenue growth in Nigeria. The implication of the finding is that for entrepreneurs to realize revenue-growth objectives, they need to engage in efficient strategic management. In line with the findings of the study, it was recommended that entrepreneurs should make concerted efforts by putting in place efficient strategic management as well as engagements of entrepreneurial funding agencies that can help them achieve their goal of increased revenue.

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The Relevance of Financial Inclusion on Sustainable Economic Growth in Sub-Saharan African Nations

Cited by 15 publications

References 76 publications

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

The Mechanism of DIF’s Effect on Economic Growth: Evidence from Seven Countries

The Economic Value of Water Ecology in Sponge City Construction Based on a Ternary Interactive System

Strategic Management and Entrepreneurial Revenue Growth in Nigeria: An Empirical Analysis

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