Foreign bank presence and inclusive growth in Africa: the moderating role of financial development

Khadijah Iddrisu, Joshua Yindenaba Abor, Thadious Kannyiri Banyen
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Abstract

Purpose The purpose of this study is to assess the extent to which the nexus between foreign bank presence (FBP) and inclusive growth is being impacted by the financial development. Design/methodology/approach The study used a two-stage system generalized method of moment (GMM), using 28 African countries from the period 2000 to 2018. Findings The study found a positive effect of FBP on inclusive growth. While financial development magnifies the positive effect of FBP, inclusive growth nexus, it has a direct effect on inclusive growth. Practical implications For Africa to ascertain the positive effect of FBP on inclusive growth, financial system must be developed to reduce the cream-skim behavior of foreign banks. Originality/value This paper assess the extent to which developing economy's developed financial system form synergies with FBP to further enhance the inclusiveness of growth.
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外资银行在非洲的存在与包容性增长:金融发展的调节作用
本研究的目的是评估外资银行存在(FBP)与包容性增长之间的关系受到金融发展影响的程度。该研究使用了两阶段系统广义矩法(GMM),研究对象是2000年至2018年期间的28个非洲国家。研究发现,财政政策对包容性增长具有积极的促进作用。金融发展放大了包容性增长纽带FBP的正向效应,对包容性增长有直接影响。对于非洲来说,为了确定FBP对包容性增长的积极影响,必须发展金融体系以减少外国银行的奶油脱脂行为。原创性/价值本文评估了发展中经济体的发达金融体系与FBP形成协同效应以进一步增强增长包容性的程度。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.20
自引率
7.70%
发文量
41
期刊介绍: African Journal of Economic and Management Studies (AJEMS) advances both theoretical and empirical research, informs policies and practices, and improves understanding of how economic and business decisions shape the lives of Africans. AJEMS is a multidisciplinary journal and welcomes papers from all the major disciplines in economics, business and management studies.
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