Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)

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Innovation and Growth Dynamics in Sub-Saharan Africa

Authors
Alhassan Tijani Forgor, Kouadio Ahou Julie
Corresponding Author
Alhassan Tijani Forgor
Available Online 5 May 2020.
DOI
10.2991/aebmr.k.200502.046How to use a DOI?
Keywords
innovation, financial innovation, growth, financial development, mobile banking, mobile money, sub-Saharan Africa
Abstract

This paper examined the relationship between financial innovation (mobile banking) variables of sub-Saharan Africa. Mobile banking (also known as mobile money) is a major financial innovation in the sub-Saharan region, and the system serves a medium through the unbanked and underbanked residents get financial services. The overall importance of financial innovation in the current digital and knowledge-based economy, for that matter innovation development inspired this study. Using partial linear regression model, a dataset from the International Monetary Fund (IMF), World Bank National Economic data and the mobile banking data were explored from GSMA for the period between 2011 and 2017 were analyzed. A negative correlation was found between the mobile money variables and growth as well as financial development, however, a positive relationship was established between financial development and growth. This positive link again supports the position that financial development influences economic growth. It is encouraged that policymakers develop and implement the necessary policy instruments capable of facilitating this form of financial innovation, and thus link its benefits with the national economy in general.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2020
ISBN
10.2991/aebmr.k.200502.046
ISSN
2352-5428
DOI
10.2991/aebmr.k.200502.046How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Alhassan Tijani Forgor
AU  - Kouadio Ahou Julie
PY  - 2020
DA  - 2020/05/05
TI  - Innovation and Growth Dynamics in Sub-Saharan Africa
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 286
EP  - 292
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.046
DO  - 10.2991/aebmr.k.200502.046
ID  - Forgor2020
ER  -