Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298262 
Year of Publication: 
2023
Series/Report no.: 
AGDI Working Paper No. WP/23/073
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study investigates the role that of mobile money on the effect of banking on income inequalities on a panel of 105 developing countries over a period from 1990-2019. We use the system GMMs estimator to examine this relationship for income inequality before as well as after taxes and transfers. Results show that increased in banking contributes to the upsurge in income inequalities in developing countries. Likewise, an increase in bank borrowing also contributes to an increase in income inequality in developing countries. These results were robust to spatial analysis for Sub-Saharan Africa and Latin America and the Caribbean. Policy enactment wise, developing countries should ameliorate mobile money services and access points to significantly reduce inequality.
Subjects: 
Mobile banking
developing countries
poverty
inequality
JEL: 
G20
O40
I10
I20
I32
Document Type: 
Working Paper

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