nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2021‒08‒16
four papers chosen by

  1. Financial Inclusion and Economic Growth : Evidence in the Digital Environment of Developing Countries By Tarna Silue
  2. E-money, Financial Inclusion and Mobile Money Tax in Sub-Saharan African Mobile Networks By Tarna Silue
  3. Financial literacy and individual success: Lebanese framework modeling By Bachir El Murr; Genane Youness; Hala Gharib; Mayssaa Daher
  4. Empirical study of barriers to women's financial inclusion in Morocco By Bouchra Benyacoub

  1. By: Tarna Silue (CERDI - Centre d'Études et de Recherches sur le Développement International - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne)
    Abstract: The paper focuses on the relationship between economic growth and financial inclusion in developing countries. One of the main innovations of the analysis is to report on the contribution to developing new digital financial services such as mobile money. 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 consumption could be the main channel through financial inclusion, contributing to growth. Then, the empirical estimation realized using the Generalized Method of Moments (GMM) with 57 countries over 2007-2017 evaluates the impacts of traditional and digital inclusion on growth. The results confirm the positive effect of financial inclusion on growth. For formal inclusion, estimators reveal that the financial system deposits contribute to growth in developing countries. Concerning digital inclusion, we note that an active mobile money account has a higher positive impact on growth than standard inclusion.
    Keywords: Endogenous growth,Financial inclusion,Mobile money,GMM System
    Date: 2021–07
  2. By: Tarna Silue (CERDI - Centre d'Études et de Recherches sur le Développement International - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne)
    Abstract: E-money and financial inclusion are both development challenges for developing countries, the former contributing to improving tax mobilization and the latter to achieving particular sustainable development objectives. However, one of the central financial inclusion and e-money services providers is mobile network operators using mobile money. The latter is subject to numerous taxes that can affect their operations. The paper studies the incidence of the new mobile money excise duty in the mobile networks sector on the adoption of electronic money and the advancement of financial inclusion through digital services in sub-Saharan countries. It appears that the introduction of the tax leads to an increase in user fees, which has a positive impact on demand for cash, and it is only in the presence of the latter that MM reduces the demand for cash for studied countries. In addition, the study assumes that tax administrations in these countries would raise more revenue without this excise because the tax is not conducive to the full adoption of e-money.
    Keywords: Financial inclusion,Mobile money,Tax incidence
    Date: 2021–07
  3. By: Bachir El Murr (Université Libanaise); Genane Youness (CEDRIC - Centre d'études et de recherche en informatique et communications - ENSIIE - Ecole Nationale Supérieure d'Informatique pour l'Industrie et l'Entreprise - CNAM - Conservatoire National des Arts et Métiers [CNAM]); Hala Gharib; Mayssaa Daher
    Abstract: This paper sheds light on the role the financial literacy features may play amid other determinant factors of individual success. A survey is conducted on a random sample of households' members, based on the individual perception as an assessment criteria of financial literacy status and career success. A non-parametric method, ctree, and a semi-parametric method, the multivariate logistic regression with interaction using random forest, are used. The two models are built to perform supervised learning classifications. They are validated through 10-fold cross validation technique to assure their capability to predict key factors of individual success, among which financial literacy features. It shows that personal and socioeconomic factors do not have any noticeable impact on professional success. Current educational system seems offering light insight on the professional perspectives of individuals. Financial literacy factors
    Keywords: financial literacy,individual success,ctree,multivariate logistic regression,Random Forest
    Date: 2021–06–29
  4. By: Bouchra Benyacoub (USMBA - Université Sidi Mohamed Ben Abdellah)
    Abstract: Financial inclusion is the set of mechanisms put in place to enable individuals and businesses, which are excluded from the traditional banking circuit, to access and use financial products and services adapted to their needs. Financial inclusion enables poor people to finance their activities, save and provide for their families. Several studies have demonstrated significant impact that access to and use of financial services has on the lives of individuals and businesses, which in turn leads to increased savings, productive investment, consumption, poverty reduction and women's empowerment. Poor and vulnerable people, especially women, are the most excluded and face great difficulties in accessing formal financial services. The gender gap is wider in Morocco than in similar countries: only 34% of women have access to a bank account compared to 66% of men. Financial inclusion is therefore both an opportunity and a necessity, but is nevertheless hindered by a number of obstacles. The objective of this study is to map out and analyze the barriers to women's financial inclusion through a quantitative study using SPSS software. The study found that the main barriers to women's financial inclusion include their lack of knowledge of financial services, cultural or religious factors, and lack of provisions or aversion to credit. In order to strengthen women's financial inclusion, it is necessary to develop financial services that meet the needs of all social categories and particularly women, the popularization of financial services and products for women, and financial education, which is one of the pillars of financial inclusion, Finally, the use of mobile banking, which is considered a gas pedal of access to and use of financial services, consists of banking transactions carried out from a cell phone, which makes it possible to compensate for the low penetration of formal financial services and to remove the barriers imposed by traditional channels that penalize a large clientele, particularly women.
    Abstract: Déclaration de divulgation : L'auteur n'a pas connaissance de quelconque financement qui pourrait affecter l'objectivité de cette étude. Conflit d'intérêts : L'auteurs ne signale aucun conflit d'intérêts. Citer cet article Benyacoub, B. (2021). Étude empirique sur les freins à l'inclusion financière des femmes au Maroc. L'inclusion financière est l'ensemble des dispositifs mis en place pour permettre aux particuliers et aux entreprises, qui sont exclus du circuit bancaire classique, d'accéder et d'utiliser des produits et services financiers adaptés à leurs besoins. L'inclusion financière permet aux populations pauvres de financer leurs activités, d'épargner et de subvenir aux besoins de leur famille. Plusieurs études Cull et al. (2014) ont prouvé l'impact significatif de l'accès et de l'utilisation des services financiers sur la vie des particuliers et des entreprises ce qui va entrainer par la suite à la croissance de l'épargne, l'augmentation de l'investissement productif, de la consommation, la réduction de la pauvreté et de l'autonomisation des femmes. Les personnes pauvres et vulnérables, en particulier les femmes sont les plus exclues et font face à de grandes difficultés pour accéder aux services financiers formels. L'écart entre les hommes et les femmes est plus important au Maroc. Selon BAM, (2019), seulement 34% des femmes marocaines ont accès à un compte bancaire contre 66% des hommes. L'inclusion financière est donc une opportunité et une nécessité, mais se trouve néanmoins freinée par un certain nombre d'obstacles. L'objectif de cette étude est d'étaler et d'analyser les entraves à l'inclusion financière des femmes à travers une étude quantitative en utilisant le logiciel SPSS. Cette étude a montré que parmi les principaux obstacles à l'inclusion financière des femmes : leur ignorance des services financiers, les facteurs culturels ou religieux, manque de provisions ou aversion aux crédits. Pour renforcer l'inclusion financière des femmes, il faut améliorer la qualité des services financiers afin qu'ils correspondent aux besoins de toutes les classes sociales et particulièrement des femmes, la vulgarisation de services et des produits financiers destinés aux femmes, l'éducation financière, qui constitue un des piliers de l'inclusion financière, ce qui permet aux femmes de connaitre les produits et services financiers et les aide à prendre des décisions financières avec moindres risques et enfin l'utilisation du Mobile Banking qui est considéré comme un accélérateur de l'accès et de l'utilisation des services financiers, qui consiste en des transactions bancaires effectuées depuis un téléphone mobile qui permet de palier à la faible pénétration des services financiers formels et lever les barrières imposées par les circuits classiques qui pénalisent une large clientèle en particulier les femmes.
    Keywords: Financial education,Access to Finance,Accès Au Financement,Education Financière,Inclusion Financière
    Date: 2021–07–26

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