Social integration and financial inclusion of forcibly displaced persons in Sub-Saharan African countries

  • 590 Views
  • 164 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License

Most government and international financial institutions worldwide have adopted financial inclusion as a veritable platform for achieving the Social Development Goals of hunger and poverty eradication, inequality reduction, and employment creation. Their efforts will not yield much dividend if a sizeable part of the populace are constrained from social and formal financial inclusion due to social disorder. This study examined the relationship between social seclusion of forcibly displaced persons from formal financial inclusion in twenty-seven Sub-Saharan African countries. Granger Error Correction Method (ECM) with Generalized Methods of Moments (GMM) was used to analyze the short panel data obtained from the World Bank database. The study found a negative long-run relationship between social seclusion and financial inclusion. That is, an increase in social menace overtime will result in more people being financially excluded from formal financial transactions. It, therefore, recommends, amongst others, that government should encourage forcibly displaced persons to become gainfully employed and productive. Specifically, persons in refugee and internally displaced persons camps should be trained to acquire skills that will enable them to become self-employed, create wealth for themselves, and contribute actively to the sustainable economic growth of their host country rather than just provide food and other welfare packages as a temporal palliative for survival.

view full abstract hide full abstract
    • Figure 1. Line graph showing movements of financial inclusion by usage
    • Figure 2. Line graph showing movements of financial inclusion by quality
    • Figure 3. Line graph showing movements of social seclusion
    • Figure 4. Individual country’s average financial service usage
    • Figure 5. Decomposing countries into high and low usage of financial services
    • Table 1. Gradual phase integration of FDPs into economic mainstream
    • Table 2. Statistics from 2007 to 2017 in their raw value quantities
    • Table 3. Seclusion-Inclusion Nexus from 2007 to 2017. Dependent Variables
Related Articles

  • Impact on poverty and income inequality in Malaysia’s economic growth

    Rabiul IslamORCID Researcher ID, Ahmad Bashawir Abdul Ghani , Irwanshah Zainal Abidin , Jeya Malar Rayaiappan doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
    Problems and Perspectives in Management Volume 15, 2017         Issue #1         pp. 55-62 Views: 11844 Downloads: 5652 TO CITE АНОТАЦІЯ

    Poverty and income inequality are extreme issues that still exist in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970’s. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia’s economic growth. The research is focused among the working people at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.

  • The role of accounting in sustainable development

    Inna MakarenkoORCID Researcher ID, Alex PlastunORCID Researcher ID doi: http://dx.doi.org/10.21511/afc.01(2).2017.01
    Accounting and Financial Control Volume 1, 2017         Issue #2         pp. 4-12 Views: 7573 Downloads: 4708 TO CITE

    Ideology of Sustainable Development and Sustainable Development Goals influence the transformation of business processes in the companies. Professional accountants are important part of this transformation. In this paper the role of accounting in Sustainable Development Goals achievement is discussed. Different approaches to structuring the role of professional accountants in Sustainable Development are investigated. Among them are types of roles that perform accountants, their professional functions, skills and competencies in the corporate environment. As the result a holistic vision of the role of accounting in sustainable development in the new economic conditions is provided.

  • The nexus between foreign direct investment and environmental sustainability in North Africa

    Marwa Lazreg , Ezzeddine Zouari doi: http://dx.doi.org/10.21511/ee.09(1).2018.05
    Environmental Economics Volume 9, 2018         Issue #1         pp. 57-68 Views: 2265 Downloads: 455 TO CITE АНОТАЦІЯ

    This paper provides a study of the relationship between sustainable development and foreign direct investment (FDI) from an empirical point of view in the case of the North African countries during the period from 1985 to 2005. We use the cointegration test, the FMOLS (Fully Modified Ordinary Least Squares) model and the Granger causality test to examine this relationship. According to the empirical results, we confirm the existence of a cointegration relationship between the different series studied in this paper. Based on the cointegration test we can use the error correction model. Also, to test the effect of FDI on sustainable development in the North African countries, we make an estimate by FMOLS method. We found that the foreign direct investment has a positive impact on CO2 emissions. Also, the Granger Causality test confirms the presence of a bidirectional relationship between FDI and CO2 emissions (Carbon dioxide). That is to say, the FDI can cause CO2 emissions and CO2 emissions can cause FDI based on the Granger causality.

Download Preview
Close
Problems and Perspectives in Management
Problems and Perspectives in Management