In a panel of 69 countries covering the period 2004-2017, the impact of financial inclusion on agricultural, industrial and service sectoral growth appears to change depending on the financial structure of the country. It has comparative advantage in promoting agricultural growth in countries with financial systems dominated by markets, while its effects are stronger on services and industry growth in countries with market-based financial systems.
|Title of host publication
|Inclusive Financial Development
|Ahmad Hassan Ahmad, David T. Llewellyn, Victor Murinde
|Edward Elgar Publishing
|978 1 80037 637 3
|Published - 2021