0572589 20250526121352.820230606235959.9 Praha UK FSV – IES 2023 40 s. E IES working papers IES WP 18/2023 Financial Inclusion Financial Inclusion Index Sub-Saharan Africa cav_un_auth*0312139 Kočenda Evžen UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics CZ 50 Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0450936 Eshun S. F. GH 50 http://library.utia.cas.cz/separaty/2023/E/kocenda-0572589.pdf Sub-Saharan Africa (SSA) has been identified as one of the least financially inclusive regions in the world with a huge disparity in comparison to highly financially inclusive regions. Using a dynamic panel data analysis, we explore the factors influencing financial inclusion in Sub-Saharan Africa (SSA) using countries belonging to the Organisation for Economic Co-operation and Development (OECD) as a benchmark. We employ the System Generalized Method of Moments (GMM) estimator and assess 31 SSA and 38 OECD countries from 2000-2021. We show that the differences in trade openness, banks' efficiency, income, and remittances are some macro-level factors that explain the variation in financial inclusion levels. We highlight the importance of quality literacy policies, trade improvement with restrictions on cross-border capital flows, and a more efficient financial system to promote financial inclusion. AH 50000 50200 50202 2024 2 2 O 4 4o 4 20250526121344.8 4 20250526121352.8 https://hdl.handle.net/11104/0344417 S 2023 Soubory v repozitáři: 0572589.pdf 2023 Praha UK FSV – IES