What is it about?
Financial innovation can be used to stimulate economic growth and mitigate adverse effects on the environment and society,. It can also create new industries, opportunities, and sources of revenue that can enhance economic growth. This paper analyzes the impacts of financial innovation and financial deepening on the economic growth of 14 sub-Saharan African (SSA) countries from 1995 to 2023.
Featured Image
Photo by Vishnu Mohanan on Unsplash
Why is it important?
This study aims to inform policymakers on how to track financial innovation trends in SSA by identifying challenges faced by users of financial innovation systems and proposing solutions to address them.
Perspectives
Writing this article was a great pleasure because I had a co-author with whom I have collaborated for a long time. We shared ideas about econometric data analysis, interpreting results, and suggesting policy implications.
Dr. Mohamed Sharif Bashir
Imam Mohammad Ibn Saud Islamic University
Read the Original
This page is a summary of: Do Financial Innovation and Financial Deepening Promote Economic Growth in Sub-Saharan Africa?, Economies, January 2026, MDPI AG,
DOI: 10.3390/economies14020038.
You can read the full text:
Contributors
The following have contributed to this page
