Digital Financial Inclusion and Trade Openness in Africa

Mulungula, Alain Mukamba; Nimubona, Frederic

doi:10.4236/ojbm.2022.102042

Cited by 6 publications

(4 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Demirkan and Platt (2009), Kauffman and Badar (2014) state the existence of positive relationship between digital technology and trade among large and nearby economies. This view also, supported by studies of (Clarke, 2002;Liu & Nath, 2013;andLabrousse &Lapointe, 2021" (Mulungula &Nimubona, 2022).…”

Section: Relationship Between Digital Payment and Transportationmentioning

confidence: 70%

“…Dependent variables used in the analysis; ATM as proxy of digital payment following study of (Le et al, 2020;Shen et al, 2021, Ozturk, I. & Ullah, S., 2022 employed ATM and debit and study of Mulungula & Nimubona (2022) used ATM. Following studies of Le et al (2020), Zaidi et al (2021), the analysis used control variables as internet, mobile subscriptions, and following Mulungula & Nimubona (2022) GDP per capita presenting standard of living, and deposits presenting usage of banking services as it facilitates opportunity for saving, and consumption (Han & Melecky, 2013).…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

Investigating Relationship between Digital Payment and Transportation using Panel ARDL

یونس¹

2023

مجلة السیاسة والاقتصاد

View full text Add to dashboard Cite

Digitization of payment facilitate easier and faster payment which increase transactions volume in the economy that imply on more shipping of goods. The paper analyzes short and long-run dynamics deploying panel ARDL "Autoregressive Distributed Lag" approach based on specification and model examination. The study estimated three models investigating impact of digital payment on maritime and air freight transport, as well as, investigating main determinants of digital payment for the period from 2000 till 2020 for 16 countries in MENA region "Middle East and North Africa". Main results are positive significance of digital payment, internet, mobile and banking usage on transportation. Main determinants of digital payment found to be income, mobile, internet and transportation which indicate bi directional relationship between transportation and digital payment. The results recommend that digital payment should be considered in policy designing. MENA countries should enhance digital payment, and focus on intensifying access to mobile and Internet.

show abstract

Section: Relationship Between Digital Payment and Transportationmentioning

confidence: 70%

Section: Discussionmentioning

confidence: 99%

Investigating Relationship between Digital Payment and Transportation using Panel ARDL

یونس¹

2023

مجلة السیاسة والاقتصاد

View full text Add to dashboard Cite

show abstract

“…GLS can account for this variability and provide more efficient parameter estimates. Additionally, GLS is suitable for panel data that involves data collected over multiple time periods and regions (Mulungula and Nimubona, 2022). MM adoption may change over time, and using GLS allows for the inclusion of time-dependent variables and the consideration of both within-country and between-country variations.…”

Section: Empirical Modelmentioning

confidence: 99%

Socio and macroeconomic determinants of mobile money adoption: a cross-cultural study of selected MENA and Sub-Saharan countries

Siddika,

Sarwar

2023

DPRG

View full text Add to dashboard Cite

Purpose This study aims to investigate the factors contributing to the low adoption rate of mobile money services (MMS) in the Middle East and North Africa (MENA) region compared to other regions. The study focussed on socio-demographic factors and macro-level determinants in several selected MENA and Sub-Saharan African (SSA) regions where MMS have been successful. Design/methodology/approach This study analysed 23 countries across MENA and SSA to establish the correlation between socio and macroeconomic factors and MMS adoption using a quantitative approach. The analysis used the generalized least square (GLS) method. Findings The study revealed that gender and income are factors that positively influence the adoption of MMS in MENA and SSA regions. Additionally, the study found that the affordability index, which measures macroeconomic indicators, correlates with MMS adoption in both regions but in an inversed way. On the other hand, political stability appears to have a positive correlation with MMS adoption in the MENA region. The correlation between the regulatory index and MMS adoption positively impacts the entire study group, although it is insignificant in the SSA region. Research limitations/implications Future studies should assess market competition among MMS providers and the psychological aspect of user adoption behaviour. Additionally, conducting a focus group discussion with stakeholders in the MMS industry can assist in uncovering potential factors contributing to low MMS adoption in the MENA region. Originality/value This study contributes to understanding the role of the socio-demographic and macroeconomic determinants in promoting digital transformation through adopting MMS.

show abstract

“…Mobile money gives the importing industries timely access to funds that promote investment and employment to benefit the country's trade position. Macroeconomic studies confirm that mobile money is a prime contributor to digital financial inclusion, which upgrades trade openness in Africa (Mulungula and Nimubona, 2022).…”

Section: Macroeconomic Impactsmentioning

confidence: 99%

The macroeconomic impacts of the mobile money: empirical evidence from EVC plus in Somalia

Mohamed

Nor²

2022

JFEP

View full text Add to dashboard Cite

Purpose The purpose of this study was to examine the macroeconomic impact of mobile money in Somalia using quarterly data from 2010 to 2020. Design/methodology/approach This study applied the structural vector autoregressive approach to examine the response of the macroeconomic variables to the mobile money shocks. Findings The results show that mobile money increases consumer spending by reducing transaction costs and enhancing access to finance, which promotes the expansion of aggregate output. This study also finds that mobile money helps exchange rate stability and price level maintenance, boosting trade openness. Moreover, mobile money is linked to the rise in real income due to productivity improvement and price stability. The results of this study indicated that mobile money has a short-run relationship with aggregate output, household consumption, price level, trade openness and real income. Through the Granger causality test, this study finds that mobile money has a unidirectional relationship with the exchange rate, price level, household consumption and trade openness. Originality/value The empirical findings of this study imply that mobile money can create a wide range of financial services to improve the financial system in rural and urban areas; hence, it enables poor and rural members of society to make payments and receive-and-transfer money using their mobiles.

show abstract

Digital Financial Inclusion and Trade Openness in Africa

Cited by 6 publications

References 48 publications

Investigating Relationship between Digital Payment and Transportation using Panel ARDL

Investigating Relationship between Digital Payment and Transportation using Panel ARDL

Socio and macroeconomic determinants of mobile money adoption: a cross-cultural study of selected MENA and Sub-Saharan countries

The macroeconomic impacts of the mobile money: empirical evidence from EVC plus in Somalia

Contact Info

Product

Resources

About