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dc.contributor.authorKebede, Jeleta
dc.contributor.authorNaranpanawa, Athula
dc.contributor.authorSelvanathan, Saroja
dc.date.accessioned2021-06-22T04:36:13Z
dc.date.available2021-06-22T04:36:13Z
dc.date.issued2021
dc.identifier.issn0313-5926
dc.identifier.doi10.1016/j.eap.2021.03.008
dc.identifier.urihttp://hdl.handle.net/10072/405271
dc.description.abstractFinancial inclusion (FI) is increasingly becoming a global policy priority because it enables access to financial services, such as savings, payments, risk management, and credit, to households and firms with a wide range of needs. However, to the best of our knowledge, no study has yet been undertaken on measures of FI and the nexus between FI and bank market structure in Africa. We used panel data from 17 African countries from 2004 to 2018 to measure FI and examine its nexus with bank market structure in these countries. We employed two-stage unsupervised machine learning to index FI: its dimensions in the first stage and overall FI in the second stage. Then, we employed an endogenous panel threshold model to examine bank market power and asset concentration impacts on FI. We found that bank market power enhances availability and accessibility dimensions but reduces the usage dimension. The impact of a higher regime market power on usage is worse than that of a lower regime market power. Asset concentration impacts on overall FI, availability, and usage are more pronounced under a lower regime concentration. The results imply that bank asset concentration and market power beyond thresholds are not desirable for promoting FI. The results also imply that scrutinizing potential sensitivity of the results to FI dimensions is vital.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherElsevier
dc.relation.ispartofpagefrom365
dc.relation.ispartofpageto379
dc.relation.ispartofjournalEconomic Analysis and Policy
dc.relation.ispartofvolume70
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode14
dc.subject.keywordsSocial Sciences
dc.subject.keywordsFinancial inclusion index
dc.subject.keywordsBank market power
dc.subject.keywordsBusiness
dc.titleFinancial inclusion: Measures and applications to Africa
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationKebede, J; Naranpanawa, A; Selvanathan, S, Financial inclusion: Measures and applications to Africa, Economic Analysis and Policy, 2021, 70, pp. 365-379
dc.date.updated2021-06-22T04:34:39Z
gro.hasfulltextNo Full Text
gro.griffith.authorNaranpanawa, Athula
gro.griffith.authorSelvanathan, Saroja
gro.griffith.authorKebede, Jeleta G.


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