Mobile Phones for Financial Inclusion: What Explains the Diffusion of Mobile Money Innovations?

On the Diffusion of Mobile Phone Innovations for Financial Inclusion

“…The empirical evidence is based on Tobit regressions. The study finds that when the empirical analysis is robust to multicollinearity, two main tendencies are apparent: the significant findings of Lashitew et al (2019) are confirmed and many new significant estimated coefficients emerge.While this study confirms the findings of the underlying research, it also goes further to improve the harmony in narratives between the predictors and the outcome variables. Accordingly, by accounting for multicollinearity, the earlier findings are now more consistent across the set of predictors (i.e.…”

“…The empirical evidence is based on Tobit regressions. The study finds that when the empirical analysis is robust to multicollinearity, two main tendencies are apparent: the significant findings of Lashitew et al (2019) are confirmed and many new significant estimated coefficients emerge.…”

“…First, the importance of mobile money innovation in promoting economic development outcomes in both developed and developing countries has been substantially documented in the contemporary literature (Afutu-Kotey, Gough & Owusu, 2017;Minkoua Nzie, Bidogeza & Ngum, 2018;Gosavi, 2018;Abor, Amidu & Issahaku, 2018;Uduji & Okolo-Obasi, 2018a, 2018bIssahaku, Abu & Nkegbe, 2018;Humbani & Wiese, 2018;Tchamyou, Asongu & Odhiambo, 2019a;Tchamyou, Erreygers & Cassimon, 2019b;Lashitew, van Tulder & Liasse, 2019;Asongu & Odhiambo, 2020). The attendant literature is broadly consistent on the position that innovations in mobile phones are enabling a previously unbanked fraction of the population (especially in developing countries) to gain access to more financial services.…”

“…Second, in the light of the above, it is relevant to replicate existing studies for a plethora of reasons, inter alia: "Replications are an important part of the research process because they allow for greater confidence in the findings" (McEwan et al, 2018, p. 235) and "the replicability of research results is also a central tenet to the scientific research process" (Cook, 2014, p. 233). This article investigates nexuses between innovations in mobile money and financial inclusion in developing countries by replicating Lashitew et al (2019) 1 and addressing a concern of multicollinearity that affects the signs and significance of estimated coefficients. Accordingly, multicollinearity represents a tendency in which two or more explanatory variables in a model have a high degree of substitution and/or are highly related.…”

Information Technology and Gender Economic Inclusion in Sub-Saharan Africa

“…This section discusses the theoretical underpinnings of the nexuses being assessed. The theoretical underpinnings consolidating the relationship between information technology, education and gender inclusion in the formal economic sector is in line with theoretical foundations of knowledge creation and knowledge diffusion for socio-economic development (Kwan & Chiu, 2015;Warren, Jaafar & Sulaiman, 2016;Barnett, Park & Chung, 2016;Lee & Joshi, 2016;Krishnan, Ahmed & AlSudiary;Billon, Lera-Lopez & Marco, 2017;Khan & Dongping, 2017;Kang & Kaplan, 2019;Lashitew, van Tulder & Liasse, 2019). It is worth noting that both ICT and education are vital for the creation and diffusion of knowledge which is indispensable for contemporary economic and human developments.…”