Submitted Papers

Abstract: We study how mobile money transactions taxation introduced in 2013 has affected the mobile banking diffusion in Kenya. Using the generalized Bass model, we find that mobile money diffusion process has been slowed by the excise duty. The results show that a 1 percent increase in the excise duty decreases the market penetration rate by 1.4 percentage points. Furthermore, considering Jordà’s local projection, we find that the excise duty’s effect on the average transaction value is negative and do not immediately occurs. In fact, a 1 percent increase in the excise duty contributes to reducing the average transaction amount by up to 0.51 percent about one year after the shock. These findings have important implications in term of policy recommendation for governments as the financial inclusion process may be impacted.

• In submission

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Abstract: The paper studies the incidence of the new mobile money excise duty in mobile networks section on the adoption of electronic money and financial inclusion in sub-Saharan countries more broadly. To do so, I realize a theoretical analysis based on principles of industrial economics. The theoretical results are confirmed by an empirical study on Kenya. As far as the differential effects of ad valorem and unit excises on prices are concerned, I provide results similar to conclusion in the literature. In addition, the introduction of the tax leads to increase in user fees, which hampers the financial inclusion process and reduces the self-financing capacity of operators for investments in the activity. Tax administrations would raise more revenue without this excise because the tax is not conductive to the full adoption of e-money

• In submission

• The current version is available upon request

Abstract: The paper focuses on the relationship between economic growth and financial inclusion in developing countries. In oder to do this, I first realize a simple endogenous growth model in which the role of the financial sector is to provide sources of investment to included population. The model indicates that the consumption could be the main channel through financial inclusion contributes to growth. Nevertheless, the contribution of financial inclusion to growth requires a certain level of financial development in development countries. Then, the empirical estimation realized using the Generalized Method of Moments (GMM) with 57 countries over the period 2007-2017, evaluate impact of financial inclusion on growth. The results confirm the positive impact of financial inclusion on growth. For formal inclusion, estimators reveal that the financial system deposits contributes to growth in developing countries. Concerning mobile inclusion, I note that active mobile money account has a higher positive impact on growth than that of traditional inclusion.

• In submission

• The current version is available upon request