IDEAS home Printed from https://ideas.repec.org/a/vrs/ecoreg/v15y2022i2p181-195n1.html
   My bibliography  Save this article

Empirical Analysis of Financial Development and Financial Inclusion Nexus in Nigeria

Author

Listed:
  • Anthony-Orji Onyinye I.

    (Department of Economics, University of Nigeria, Nsukka, Nigeria)

  • Orji Anthony

    (Department of Economics, University of Nigeria, Nsukka, Nigeria)

  • Ogbuabor Jonathan E.

    (Department of Economics, University of Nigeria, Nsukka, Nigeria)

  • Onwe Israel Emenike

    (Department of Economics, University of Nigeria, Nsukka, Nigeria)

Abstract

Subject and purpose of work: The literature on financial development and economic growth is expansive. The proportion of individuals and firms that use or have access to financial services can be referred to as the financially included. Considerable evidence shows that the poor benefit more from access to basic financial services such as payments, savings accounts and insurance. Thus, this study analysed the impact of financial inclusion on financial development in Nigeria between 1982 and 2019. Materials and methods: M ultiple r egression a nalysis w as e mployed i n t he s tudy i n o rder t o properly estimate the models and get robust results. Results: The findings reveal that financial inclusion has a minor impact on financial development. Investment was also shown to improve financial development. Conclusions: The study recommended that policies should be directed towards creating a more inclusive financial system in order to improve the current level of financial inclusion, so as to achieve better financial development in Nigeria.

Suggested Citation

  • Anthony-Orji Onyinye I. & Orji Anthony & Ogbuabor Jonathan E. & Onwe Israel Emenike, 2022. "Empirical Analysis of Financial Development and Financial Inclusion Nexus in Nigeria," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 15(2), pages 181-195, June.
    • Handle: RePEc:vrs:ecoreg:v:15:y:2022:i:2:p:181-195:n:1
    DOI: 10.2478/ers-2022-0012
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ers-2022-0012
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ers-2022-0012?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
    ---><---

    Other versions of this item:

    Citations

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


    Cited by:

    1. Nicholas Bamegne Nambie & Philomena Dadzie & Dorcas Oye Haywood-Dadzie, 2023. "Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology," International Journal of Economics and Financial Issues, Econjournals, vol. 13(4), pages 111-124, July.
    2. Csolák Erika Horváthné & Musinszki Zoltán & Lipták Katalin, 2023. "Regional Differences in the Management and Financial Performance of Hospitals in Hungary," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(2), pages 257-274, June.

    More about this item

    Keywords

    financial inclusion; financial development; investment; deposits;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    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:vrs:ecoreg:v:15:y:2022:i:2:p:181-195:n:1. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.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.