Abstract

This paper investigated the threshold effect of financial inclusion on poverty reduction in sub-Saharan Africa (SSA). Using an annual dataset spanning 2010 to 2017, the Hansen’s estimation and Differenced generalized method of moments (GMM) methods were used to estimate the threshold level of financial inclusion that will reduce poverty and factors that influence financial inclusion respectively. The results showed that beyond a threshold level of 0.365, financial inclusion would lead to poverty reduction with money supply being positively significant towards poverty reduction in SSA. The results further indicated that domestic credit to the private sector positively affects financial inclusion. Development partners and governments in the sub-region should therefore implement policies that are aimed at providing an enabling environment for financial institutions to provide financial services that are readily available and affordable to the public in order to benefit from the desired poverty reduction effect of financial inclusion.

摘要

本文研究了金融包容性对撒哈拉以南非洲地区（SSA）减贫的门槛效应。使用2010年至2017年的年度数据集，分别使用Hansen估计和差分广义矩量法（GMM）来估计将减少贫困的金融包容性门槛水平和影响金融包容性的因素。结果表明，超过0.365的门槛水平，金融包容性将导致减贫，而货币供应量对SSA的减贫具有积极意义。结果还表明，对私营部门的国内信贷对金融包容性产生积极影响。