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Effets de l’inclusion financière sur la croissance inclusive dans les pays de l’Union Economique et Monétaire Ouest Africaine (UEMOA)

Author

Listed:
  • Khady DIAW
  • Ndiack FALL

Abstract

Objectif : cet article vise à analyser les effets de l’inclusion financière sur la croissance inclusive dans les pays de l’Union Economique et Monétaire Ouest Africaine (UEMOA). Méthodologie : deux approches méthodologiques sont utilisées à savoir le modèle AutoRegressive à Retards Echelonnés (ARDL) (Pesaran,1999) et le modèle de panel dynamique à effet de seuil et à correction d’erreur (Kremer et al., 2013). En outre le test de causalité de Dumitrescu et Hurlin (2012) est utilisé pour déterminer le sens de causalité. Résultats : tout d’abord, les résultats montrent qu’il existe une causalité unidirectionnelle qui va de l’inclusion financière vers la croissance inclusive. Ensuite, l’inclusion financière a un effet positif sur la croissance inclusive sur le long terme et un effet inverse sur le court terme. Enfin, le seuil optimal de l’inclusion financière qui permet d’atteindre une croissance inclusive dans l’UEMOA équivaut à 0,46. Originalité : l’originalité de cette recherche réside sur les méthodologies utilisées (ARDL et le panel dynamique à effet de seuil et à correction d’erreur) et sur la désagrégation de l’indice d’inclusion financière construite suivant trois niveaux afin de voir leurs effets sur la croissance inclusive. Cette recherche peut permettre aux autorités de la BCEAO de mettre en place des stratégies d’inclusion financière favorables à l’atteinte d’une croissance inclusive.

Suggested Citation

  • Khady DIAW & Ndiack FALL, 2022. "Effets de l’inclusion financière sur la croissance inclusive dans les pays de l’Union Economique et Monétaire Ouest Africaine (UEMOA)," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 13(2), pages 56-76, December.
    • Handle: RePEc:jaf:journl:v:13:y:2022:i:2:n:477
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    References listed on IDEAS

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    1. Godfrey Akileng & Gillian Mercy Lawino & Eric Nzibonera, 2018. "Evaluation of determinants of financial inclusion in Uganda," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(4), pages 1-4.
    2. Hyojung Kang & Jorge Martinez‐Vazquez, 2022. "When does foreign direct investment lead to inclusive growth?," The World Economy, Wiley Blackwell, vol. 45(8), pages 2394-2427, August.
    3. Ravallion, Martin & Chen, Shaohua, 2003. "Measuring pro-poor growth," Economics Letters, Elsevier, vol. 78(1), pages 93-99, January.
    4. Pernia, Ernesto & Kakwani, Nanak, 2000. "What is Pro-poor Growth?," MPRA Paper 104987, University Library of Munich, Germany.
    5. Amponsah, Mary & Agbola, Frank W. & Mahmood, Amir, 2021. "The impact of informality on inclusive growth in Sub-Saharan Africa: Does financial inclusion matter?," Journal of Policy Modeling, Elsevier, vol. 43(6), pages 1259-1286.
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    More about this item

    Keywords

    Croissance inclusive; inclusion financière; Modèle ARDL; Modèle de panel dynamique à effet de seuil; UEMOA; Inclusive growth; financial inclusion; ARDL model; Dynamic threshold panel model; WAEMU;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • N8 - Economic History - - Micro-Business History
    • G3 - Financial Economics - - Corporate Finance and Governance

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