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- Title
Lightening the path to financial development: The power of electricity.
- Authors
Pan, Lei; Dwumfour, Richard Adjei; Kheng, Veasna
- Abstract
This paper examines the impact of access to electricity on financial development. In doing so, we use a number of instrumental variables (IV) approaches. Using panel data for 38 countries in Sub‐Saharan Africa over the period 2000–2018, the results suggest that more people having access to electricity can promote financial development. In addition, mobile phone and commercial bank branches diffusion serve as potential channels through which access to electricity affects financial development. Our results are robust to sample‐splitting and different estimation techniques. The results have important implications for policies in overcoming barriers to electricity access.
- Subjects
SUB-Saharan Africa; ELECTRICITY; BRANCH banks; PANEL analysis; CELL phones; BANKING industry
- Publication
Scottish Journal of Political Economy, 2024, Vol 71, Issue 3, p276
- ISSN
0036-9292
- Publication type
Article
- DOI
10.1111/sjpe.12368