期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2017
卷号：17
期号：1
语种：English
出版社：Ovidius University Press
摘要：This study evaluates the causal links between financial inclusion and economic output,as well as between financial inclusion and the five sectors of the Nigerian economy using cointegration and Granger causality test. The results suggest that there is bi-directional causality between financial inclusion and the aggregate economy. In most cases,there is bi-directional causality between financial inclusion and the sectors of the economy as well. This study also shows that financial usage has higher causal links with the economy and its sectors than financial access. Thus,a responsible pursuit of financial inclusion in Nigeria will emphasize not only creation of access to finance,but most importantly,its usage. This study establishes financial inclusion as a potent accelerator of economic progress,which can help realize the national objectives of building shared prosperity and abolishing extreme poverty. For policymakers,the message is clear: Mainstream rural credit from banks and other financial intermediaries in such a way as to realize increased coverage,broaden financial inclusion and stimulate output.
