Electronic and Traditional Savings Accounts in Colombia: A Spatial Agglomeration Model

Abstract

The purpose of this article is to apply a multivariate spatial statistics technique: cluster analysis or spatial agglomeration, in order to classify departments into groups based on behavior in the number of active, inactive electronic savings accounts and savings traditional active accounts, with database available as of September 2017 in the bank of Colombia. The selection of this type of accounts was due to the fact that the financial product with the highest penetration in the Colombian population in September 2017, continued to be the savings account; 73.5% of the population had this financial product. However, this percentage is far from the target of 84% proposed in the National Development Plan. The findings show that the departments where electronic accounts are most used are Cauca,

The benefits and barriers of geographical indications to producers: A review

“…As shown in Table 1, many reviews focus on consumers' behavior and decision-making (Grunert and Aachmann, 2016; Leufkens, 2018; Glogovețan et al ., 2022), on economic issues like prices (Deselnicu et al ., 2013; Lis-Gutierrez et al ., 2017) and market size (Török and Moir, 2018, Török et al ., 2020) and on ways to map GI's products characteristics (Kamilari et al ., 2019; Cassago et al ., 2021). Although some reviews also address how GI can promote development and the benefits that this sign can offer (Cei et al , 2018; Török et al ., 2020; Medeiros and Passador, 2021), this review innovates in focusing on a specific agent of the supply chain, which is the producer and what are the benefits and barriers that this agent might deal with while acceding a GI.…”