The Diffusion of Mobile Phones and its Impact on Financial Inclusion and Economic Growth in Africa
The aim of this paper is to examine the effect of mobile phone penetration on economic growth, both directly and through the channel of financial inclusion. Based on a sample of 44 African countries during the period 2000-2011, the relationship between mobile phone penetration, captured by the number of mobile phone subscribers per capita, and economic growth is analysed. Using a dynamic panel dat
