The Mobile Phone, Information Sharing and Financial Sector Development in Africa: A Quantile Regressions Approach

Forthcoming: Journal of the Knowledge Economy. DOI: 10.1007/s13132-019-00603-6

A G D I Working Paper No. WP/19/016

35 Pages Posted: 3 May 2019

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Nicholas Odhiambo

University of South Africa - Department of Economics

Date Written: April 4, 2019

Abstract

This study investigates linkages between the mobile phone, information sharing offices (ISO) and financial sector development in 53 African countries for the period 2004-2011. ISO are private credit bureaus and public credit registries. The empirical evidence is based on contemporary and non-contemporary quantile regressions. Two main hypotheses are tested: mobile phones complement ISO to enhance the formal financial sector (Hypothesis 1) and mobile phones complement ISO to reduce the informal financial sector (Hypothesis 2). The hypotheses are largely confirmed. This research adds to the existing body of literature by engaging hitherto unexplored dimensions of financial sector development and investigating the role of mobile phones in information sharing for financial sector development.

Keywords: Information sharing; Banking sector development; Africa

JEL Classification: G20; G29; L96; O40; O55

Suggested Citation

Asongu, Simplice and Odhiambo, Nicholas, The Mobile Phone, Information Sharing and Financial Sector Development in Africa: A Quantile Regressions Approach (April 4, 2019). Forthcoming: Journal of the Knowledge Economy. DOI: 10.1007/s13132-019-00603-6. Available at SSRN: https://ssrn.com/abstract=3365683 or http://dx.doi.org/10.2139/ssrn.3365683

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Nicholas Odhiambo

University of South Africa - Department of Economics ( email )

PO Box 392
Pretoria, 0003
South Africa

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