Institutional Theory of Financial Inclusion

Ozili, Peterson K

doi:10.2139/ssrn.4317602

Cited by 2 publications

(3 citation statements)

References 18 publications

(29 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Existing financial inclusion studies show that the determinants of financial inclusion have micro and macro dimensions. The macro determinants of the level of financial inclusion are per capita income, quality of governance institutions, telecommunication, literacy rate, availability of information and the regulatory environment while the micro determinants of the level of financial inclusion are gender, age, education level, financial literacy rate, income level and employment status (see, for example, Sarma and Pais, 2011;Chithra and Selvam, 2013;Park and Mercado, 2015;Ozili, 2023). Existing research shows that financial inclusion has a growth-enhancing effect on the economy (see, Kim et al, 2018;Erlando et al, 2020;Ozili, 2021b).…”

Section: Determinants Of Financial Inclusionmentioning

confidence: 99%

“…Notwithstanding, there may be institutional religious beliefs that are anti-modernization in financial services. These institutional religious beliefs can discourage adherents from accessing and using formal financial services and making them prefer using informal finance sources (Ozili, 2023). When such beliefs become widespread in the population, it can lead to a decline in the demand for cash from ATMs and also lead to low patronage of bank branches among the religious population as a large number of religious adherents will prefer to use non-formal sources of finance to obtain the funds they need to engage in growthenhancing activities outside the formal financial sector.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

See 1 more Smart Citation

Impact of financial inclusion on economic growth in secular and religious countries

Ozili¹,

Lay

Syed

2023

JFRC

View full text Add to dashboard Cite

Purpose Empirical research on the relationship between financial inclusion and economic growth has neglected the influence of religion or secularism. This study aims to investigate the effect of financial inclusion on economic growth in religious and secular countries. Design/methodology/approach The financial inclusion indicators are the number of automated teller machines (ATMs)per 100,000 adults and the number of bank branches per 100,000 adults. These two indicators are the accessibility dimension of financial inclusion based on physical points of service. The two-stage least square (2SLS) regression method was used to analyze the effect of financial inclusion on real gross domestic product (GDP) per capita growth and real GDP growth in religious and secular countries. Findings Bank branch contraction significantly increases economic growth in secular countries. Bank branch expansion combined with greater internet usage increases economic growth in secular countries while high ATM supply combined with greater internet usage decreases economic growth in secular countries. This study also finds that bank branch expansion, in the midst of a widening poverty gap, significantly increases economic growth in religious countries, implying that financial inclusion through bank branch expansion is effective in promoting economic growth in poor religious countries. It was also found that internet usage is a strong determinant of economic growth in secular countries. Originality/value Few studies in the literature examined the effect of financial inclusion on economic growth. But the literature has not examined how financial inclusion affects economic growth in religious and secular countries.

show abstract

Section: Determinants Of Financial Inclusionmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

Impact of financial inclusion on economic growth in secular and religious countries

Ozili¹,

Lay

Syed

2023

JFRC

View full text Add to dashboard Cite

show abstract

“…The theory explained that if individual interact with financial institutions then it is likely for that individual to be financially included or not to be included. Therefore, constant interactions with the mobile money services advertisement through the mobile money platforms will either make an individual financially included or not depending on individual's decision Ozili (2023). But also the study was guided by the financial literacy theory of financial inclusion which aimed at emphasizing on education provision especially to people living in rural areas about financial services issues and giving them awareness on how to use the services including the mobile money services which will influence them to be financially included Ozili (2020).…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Mobile Money Services Usage on Financial Inclusion in Nyamigamba Village

2023

IJFMR

View full text Add to dashboard Cite

Several studies have shown that most of citizens living in rural areas are financially excluded due to several reasons such as lack of awareness of using mobile money financial services but also high cost of using the mobile money services. Thus, this study tend to analyze the effect of mobile money services usage on financial inclusion in Nyamigamba village which is one of the rural area located in Mwanza region, Tanzania. However, the selected mobile money services were mobile money transfer service, mobile money receiving service, mobile money payment service and mobile money loan service.

show abstract

Institutional Theory of Financial Inclusion

Cited by 2 publications

References 18 publications

Impact of financial inclusion on economic growth in secular and religious countries

Impact of financial inclusion on economic growth in secular and religious countries

The Effect of Mobile Money Services Usage on Financial Inclusion in Nyamigamba Village

Contact Info

Product

Resources

About