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on Financial Literacy and Education |
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Issue of 2023‒05‒29
four papers chosen by |
| By: | Simplice A. Asongu (Yaounde, Cameroon) |
| Abstract: | This study assesses how corporate telecommunication (telecom) policies follow telecom sector regulation in mobile money innovation for financial inclusion in developing countries. Telecom policies are understood in terms of mobile subscriptions, mobile connectivity coverage and mobile connectivity performance while mobile money innovations represent mobile money accounts, the mobile used to send money and the mobile used to receive money. The empirical evidence is based on Tobit regressions. Telecom sector regulation positively influences mobile money innovations. From net influences, mobile subscriptions and connectivity policies moderate telecom sector regulation to positively influence mobile money innovations; exclusively within the remit of mobile money accounts because the corresponding net influences on the mobile used to send money and the mobile used to receive money are negative. The interactive influences are consistently negative and hence, thresholds for complementary policies are provided in order to maintain the positive influence of telecom sector regulation on mobile money innovations. This study has complemented the extant literature by assessing how corporate telecommunication policies follow telecommunication sector regulation in mobile money innovations for financial inclusion. |
| Keywords: | Mobile money; technology diffusion; financial inclusion; inclusive innovation |
| JEL: | D10 D14 D31 D60 O30 |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:agd:wpaper:23/017&r=fle |
| By: | Evans, Olaniyi |
| Abstract: | African nations have shown remarkable promise in digital financial services in recent years. However, much more remains to be done. Given this background, this study empirically investigates the social and institutional determinants of digital financial inclusion for a panel of 42 African countries using system GMM for the period 1995-2018. The empirical results show that social factors such as literacy, infrastructure, unemployment rate and standard of living have significant influence on digital financial inclusion. These results suggest that social realities matter for digital financial services. Equally, institutional factors such as political stability and absence of violence, control of corruption, regulatory quality, government effectiveness and rule of law have statistically significant and positive effects. These results suggest that better governance and better institutions correlate with faster digital financial inclusion. The estimates are robust to changes in estimation methods. |
| Keywords: | digital financial services, social and institutional determinants |
| JEL: | O3 O33 O35 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:117006&r=fle |
| By: | Julia Fonseca (University of Illinois at Urbana-Champaign); Adrien Matray (Princeton University, NBER, and CEPR) |
| Abstract: | We study a financial inclusion policy targeting Brazilian cities with low bank branch coverage using data on the universe of employees from 2000–2014. The policy leads to bank entry and to similar increases in both deposits and lending. It also fosters entrepreneurship, employment, and wage growth, especially for cities initially in banking deserts. These gains are not shared equally and instead increase with workers’ education, implying a substantial increase in wage inequality. The changes in inequality are concentrated in cities where the initial supply of skilled workers is low, indicating that talent scarcity can drive how financial development affects inequality. |
| Keywords: | Brazil, Financial Inclusion Policy, Wage Inequality, Banks |
| JEL: | D63 E24 E58 G21 J30 |
| Date: | 2022–09 |
| URL: | http://d.repec.org/n?u=RePEc:pri:cepsud:308&r=fle |
| By: | Patrick N. Osakwe; Olga Solleder |
| Abstract: | This working paper examines the impact of income inequality on the distribution of wealth using panel data and controlling for the roles of financial inclusion and other potential drivers of wealth inequality. We find evidence that lagged wealth and savings rates increase wealth inequality globally as well as in the developed and developing countries samples. |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:unc:wpaper:4&r=fle |