Determinants of Inclusive Financial Development in Africa
NEBA Cletus YAH, MBOTTA NTJEN Emmanuel Chamberlain

The aim of this paper is to analyse the determinants of financial inclusion by both firms and households in Cameroon. Appropriate regression techniques and tests that take into consideration the possibility of endogeneity between the variables are employed on data obtained from various sources. The results show that the low level of financial inclusion and its variation across individuals of different countries in Africa is explained by the inefficiency of the financial sectors to provide appropriate services, quality of institutions and legal origins. At the level of firms, the variations are explained by socioeconomic inequalities and inflation. Policies geared at improving financial inclusion in the African continent should therefore take these specificities into consideration for them to be efficient.

Full Text: PDF     DOI: 10.15640/jeds.v6n3a5