Journal of Economics and International Finance
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Article Number - 74C853667033


Vol.9(11), pp. 120-130 , December 2017
DOI: 10.5897/JEIF2017.0875
ISSN: 2006-9812



Full Length Research Paper

Demand-driven determinants and self-reported barriers to financial inclusion in the West African Economic and Monetary Union (WAEMU)



Tomgouani Lanie
  • Tomgouani Lanie
  • Department of Economics, University of Kara, Togo.
  • Google Scholar







 Received: 21 September 2017  Accepted: 16 October 2017  Published: 31 December 2017

Copyright © 2017 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


“Access to finance for all” has gained attention in the international development agenda in recent years. In the West African Economic and Monetary Union (WAEMU), the issue of financial inclusion is set at the level of priority but in several dimensions of financial inclusion, countries of the union lag behind the Sub-Saharan Africa and Asian benchmark countries. In this paper, factors that are important for financial inclusion in WAEMU are identified and it is investigated whether these factors are correlated with self-reported barriers to financial inclusion using the 2014 Gallup World Poll Survey data. The results indicate that, the variables: Age, sex, employment status, educational attainment and level of income are all determinants of financial inclusion in WAEMU. The results of the relationship between self-reported barriers and individuals’ characteristics show that, educational level and income are the main factors that affect the livelihood of reporting a barrier to financial inclusion in WAEMU.

 

Key words: Personal finance, financial institutions, West African Economic and Monetary Union (WAEMU).

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APA Tomgouani, L. (2017). Demand-driven determinants and self-reported barriers to financial inclusion in the West African Economic and Monetary Union (WAEMU). Journal of Economics and International Finance, 9(11), 120-130.
Chicago Tomgouani Lanie. "Demand-driven determinants and self-reported barriers to financial inclusion in the West African Economic and Monetary Union (WAEMU)." Journal of Economics and International Finance 9, no. 11 (2017): 120-130.
MLA Tomgouani Lanie. "Demand-driven determinants and self-reported barriers to financial inclusion in the West African Economic and Monetary Union (WAEMU)." Journal of Economics and International Finance 9.11 (2017): 120-130.
   
DOI 10.5897/JEIF2017.0875
URL http://academicjournals.org/journal/JEIF/article-abstract/74C853667033

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