IDEAS home Printed from https://ideas.repec.org/a/taf/oabmxx/v9y2022i1p2049670.html
   My bibliography  Save this article

Financial innovations and economic growth: Does financial inclusion play a mediating role?

Author

Listed:
  • Daniel Domeher
  • Emmanuel Konadu-Yiadom
  • Godfred Aawaar

Abstract

Innovations in the financial sector play a critical role in promoting economic growth. Studies that have sought to investigate this linkage in sub-Saharan Africa have produced mixed results. None of the existing studies have attempted to examine the possible mediating role of financial inclusion in explaining the relationship between innovations and growth. This paper thus sought to establish if financial inclusion mediates the relationship between innovation and growth. Secondary data from (26 selected SSA countries over the period 2004 to 2017 were used. The data were analysed using the GMM estimation technique. It was found amongst other things that investments in innovations in the banking sector promote financial inclusion. In addition, financial inclusion fully mediates the relationship between innovation and economic growth. It is thus recommended that governments in the sub-region invest in the appropriate technological infrastructure that the banking sector can leverage on in the provision of banking services as the key to promoting financial inclusion and economic growth.

Suggested Citation

  • Daniel Domeher & Emmanuel Konadu-Yiadom & Godfred Aawaar, 2022. "Financial innovations and economic growth: Does financial inclusion play a mediating role?," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2049670-204, December.
    • Handle: RePEc:taf:oabmxx:v:9:y:2022:i:1:p:2049670
    DOI: 10.1080/23311975.2022.2049670
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23311975.2022.2049670
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23311975.2022.2049670?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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Olajide Oyadeyi, 2024. "Banking Innovation, Financial Inclusion and Economic Growth in Nigeria," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7014-7043, June.

    More about this item

    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:taf:oabmxx:v:9:y:2022:i:1:p:2049670. 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: Chris Longhurst (email available below). General contact details of provider: http://cogentoa.tandfonline.com/OABM20 .

    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.