Publication Information
Published by: Admin
Published: 6 days ago
View: 72
Pages: 46
ISBN: 1
Download PDF (EN)
Abstract
The
present paper assesses how financial inclusion promotes the participation of
Africa in global value chains (GVC), contingent on financial development and
institutional quality. The focus is on 30 African countries over the period
2004-2018, and the empirical evidence is based on fixed effects regressions and
the Lewbel (2012)
instrumental variable technique. It is apparent from the findings that
financial inclusion promotes the participation of sampled countries in GVC.
Moreover, financial development and institutional quality are mechanisms by
which financial inclusion indirectly promotes the participation of
corresponding countries in GVC. It follows that financial inclusion has both
direct and indirect positive effects on GVC participation. The results of this paper underscore the need
for integrated policy frameworks that strengthen inclusive finance, deepen
financial sector development, and improve institutional quality to boost
African economies’ participation in international production networks.
Related Publications
VOLUME 8 ISSUE 3 2025
Trade shocks and macroeconomic performance in non- UEMOA countries
6 days ago
0
shares
VOLUME 8 ISSUE 3 2025
Does financial inclusion increase participation in global value chains? Evidence from African countries
6 days ago
0
shares
VOLUME 8 ISSUE 3 2025
One size does not fit all: Sustainable Innovation, Economic Policy Uncertainty and Competitive Market Dynamics on the Circular Economy of Africa
6 days ago
0
shares