Governance and Africa's financial development amid sustainable digitalisation

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dc.article.end-page29
dc.article.start-page1
dc.contributor.authorEjemeyovwi, Jeremiah O
dc.contributor.authorOsabuohien, Evans S
dc.contributor.authorBowale, Ebenezer I K
dc.date.accessioned2024-02-19T10:58:52Z
dc.date.available2024-02-19T10:58:52Z
dc.date.issued2023-09
dc.departmentSouth African Institute of International Affairs
dc.description.abstractThe technological revolution presents opportunities for financial development in Africa. However, the opportunities need to be supplemented with good governance to ensure efficiency and optimal welfare gains. It is therefore worth investigating whether governance, as well as digitalisation shocks, are crucial for the relatively underdeveloped nature of the financial system of such countries and regions. This study therefore examines the impact of governance and digitalisation shocks on financial development in Africa. Specifically, the study tests out the triple-helix model on five uniquely selected African regional representative countries, namely Botswana, Democratic Republic of Congo (DRC), Nigeria, Rwanda and Tunisia for robust and comparative policy estimates. Notably, the study utilised data from the World Development Indicators of the World Bank Group (2023). It adopts the Bayesian Vector Auto-Regressive (VAR) empirical modelling to achieve this objective. The technique was utilised after the model stability test was carried out, using the auto-regressive roots test. The impulse response function across Africa is inferred from the model simulation. The study's findings and recommendations contribute to the literature and economic agents (such as multinationals), empirical evidence of the theoretical reflections of digitalisation and governance on financial development in Africa.
dc.description.librarianMM2024
dc.description.sponsorshipHanns Seidel Stiftung
dc.facultyFaculty of Commerce, Law and Management
dc.identifier.urihttps://hdl.handle.net/10539/37665
dc.language.isoen
dc.publisherUniversity of the Witwatersrand, Johannesburg
dc.relation.ispartofseriesTayarisha Working Paper Series | No: 2023/002
dc.rights©2023 Tayarisha African Centre of Excellence in Digital Governance
dc.schoolWits School of Governance
dc.subjectAfrican Governance
dc.subjectDigital Age
dc.subjectFinancial development
dc.subjectDigitalisation
dc.subjectSustainable digitalisation
dc.subject.otherSDG-9: Industry, innovation and infrastructure
dc.titleGovernance and Africa's financial development amid sustainable digitalisation
dc.typeWorking Paper
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