IDEAS home Printed from https://ideas.repec.org/a/spr/snbeco/v4y2024i5d10.1007_s43546-024-00652-3.html
   My bibliography  Save this article

The regulatory environment, access innovations and financial inclusiveness: perspective from emerging economies

Author

Listed:
  • Rexford Abaidoo

    (University of Maryland Eastern Shore)

  • Elvis Kwame Agyapong

    (GIMPA Green Hill)

Abstract

This study evaluates the effect of the regulatory environment and access innovations on the pace of financial inclusiveness among emerging economies of Sub-Saharan Africa (SSA). Data for the inquiry were compiled from 28 countries in SSA from 2004 to 2020. Empirical estimates were conducted using the two-step system generalized method of moments (TS-SGMM) methodology. Results from the estimates indicate that an improved regulatory environment promotes financial inclusion among economies in the sub-region of SSA. The study also finds that Access innovations positively influence the process of financial inclusion. Additionally, reported empirical estimates show that political instability negatively moderates the relationship between examined regulatory variables (regulatory quality, government effectiveness, and rule of law), access innovations, and financial inclusion among economies in the sub-region. Following these findings, we recommend the promotion and support for efficient regulatory structures and policy measures that foster stable political environment for economies in the sub-region to promote financial inclusiveness. Additionally, the study supports the development of financial sector policies, which makes it easier to adopt evolving technologies that promote activities of the financial system to foster financial inclusiveness.

Suggested Citation

  • Rexford Abaidoo & Elvis Kwame Agyapong, 2024. "The regulatory environment, access innovations and financial inclusiveness: perspective from emerging economies," SN Business & Economics, Springer, vol. 4(5), pages 1-19, May.
    • Handle: RePEc:spr:snbeco:v:4:y:2024:i:5:d:10.1007_s43546-024-00652-3
    DOI: 10.1007/s43546-024-00652-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43546-024-00652-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43546-024-00652-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Regulatory structures; Access innovations; Financial inclusion; GMM model;
    All these keywords.

    JEL classification:

    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G - Financial Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:snbeco:v:4:y:2024:i:5:d:10.1007_s43546-024-00652-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.