Banking Services and Inclusive Development in Sub-Saharan Africa

Haruna Issahaku, Mohammed Amidu, Aisha Mohammed Sissy

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter seeks to investigate the inclusive development implications of banking services in Sub-Saharan Africa; employing panel data for 47 economies over the period 2000–2017. Using a suite of panel estimation strategies, the study tests the hypothesis that the banking sector promotes inclusive development especially in economies where corruption levels are low. The evidence reveals that banking services and corruption controls are citadels of inclusive development in Africa. However, banking sector development and control of corruption do not produce positive synergy effects on inclusive development. The results remain robust to the inclusion of important control variables and different measures of inclusive development. These findings imply that the promotion of banking sector development and control of corruption are important strategies for attaining inclusive development in Africa.

Original languageEnglish
Title of host publicationThe Palgrave Handbook of Africa's Economic Sectors
PublisherSpringer International Publishing
Pages319-342
Number of pages24
ISBN (Electronic)9783030755560
ISBN (Print)9783030755553
DOIs
Publication statusPublished - 1 Jan 2022
Externally publishedYes

Keywords

  • Banking services
  • Control of corruption
  • Inclusive development
  • Inequality adjusted human development index
  • Sub-Saharan Africa

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