ISSN: 2319-7285
+44 1300 500008
Department of Commerce, University of Kenyatta, Nairobi, Kenya
Research Article
Financial Inclusion and Economic Security of East African Community States
Author(s): Peter Misiani Kerage* and Zedakia Sidha
Financial inclusion is a key pillar for financial deepening which a necessary condition for promoting national security and inclusive economic growth. Using a ten-year panel data for the years 2012 to 2021, this study investigated the interplay amongst financial inclusion and economic security in the East African Community (EAC) States. Three financial inclusion dimensions were considered, namely, usage, penetration, and availability. Data was collected from the World Development Indicators (WDI) of the World Bank and the Financial Access Survey (FAS) of the International Monetary Fund (IMF). Three countries (Rwanda, Uganda, and Kenya) were selected based on availability of consistent representative data. For analysis of the data, the study employed the Generalized Method of Moments (GMM). The study established that availability and composite dimensions have a significant positive imp.. View More»
DOI:
10.35248/2319-7285.23.12.048