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J of Intl Development - 2022 - Sakyi‐Nyarko - The role of financial inclusion in improving household well‐being.pdf (3.72 MB)

The role of financial inclusion in improving household well-being

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journal contribution
posted on 2022-11-11, 15:12 authored by Carlos Sakyi-Nyarko, Ahmad Hassan AhmadAhmad Hassan Ahmad, Christopher Green

Using a nationally representative household survey data collected from Ghana, this paper investigates the relationship between financial inclusion and household well-being. The paper computes a comprehensive index for financial inclusion incorporating all its dimensions: availability, accessibility, usage and quality. Our econometric analyses employ both discrete and continuous models to produce robust results. The main result indicates that there are significant welfare gains from increased financial inclusion irrespective of its measure and control for endogeneity. The results also suggest that enhanced financial inclusion increases the likelihood of improving food consumption, medical treatment, cash income and school attendance outcomes. Thus, there is a clear policy implication: increasing financial inclusion will significantly contribute to the attainment of some key Sustainable Development Goals (SDGs). 

Funding

Delivering Inclusive Financial Development and Growth

Economic and Social Research Council

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History

School

  • Business and Economics

Department

  • Economics

Published in

Journal of International Development

Volume

34

Issue

8

Pages

1606-1632

Publisher

Wiley

Version

  • VoR (Version of Record)

Rights holder

© The Authors

Publisher statement

This is an Open Access Article. It is published by Wiley under the Creative Commons Attribution 4.0 International Licence (CC BY 4.0). Full details of this licence are available at: https://creativecommons.org/licenses/by/4.0/

Acceptance date

2022-04-08

Publication date

2022-04-27

Copyright date

2022

ISSN

0954-1748

eISSN

1099-1328

Language

  • en

Depositor

Dr Ahmad Hassan Ahmad. Deposit date: 27 April 2022

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