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Effect of financial literacy on usage of unconventional banking and non-banking financial services across countries

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  • Mahmood-ur-Rahman,

Abstract

I examine the influence of financial literacy on unconventional banking and non-banking financial services across countries. The results demonstrate that financial literacy encourages electronic payment, mobile phone payment and remittance. Consideration of endogeneity also does not alter the findings.

Suggested Citation

  • Mahmood-ur-Rahman,, 2022. "Effect of financial literacy on usage of unconventional banking and non-banking financial services across countries," Economics Letters, Elsevier, vol. 217(C).
    • Handle: RePEc:eee:ecolet:v:217:y:2022:i:c:s0165176522002282
    DOI: 10.1016/j.econlet.2022.110679
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    References listed on IDEAS

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    1. Arthur Lewbel, 2012. "Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 30(1), pages 67-80.
    2. Grohmann, Antonia & Klühs, Theres & Menkhoff, Lukas, 2018. "Does financial literacy improve financial inclusion? Cross country evidence," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 111, pages 84-96.
    3. Peter L. Rousseau & Paul Wachtel, 2011. "What Is Happening To The Impact Of Financial Deepening On Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 276-288, January.
    4. Xi Lin & Aaron Bruhn & Jananie William, 2019. "Extending financial literacy to insurance literacy: a survey approach," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(S1), pages 685-713, April.
    5. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe, 2017. "Financial inclusion and inclusive growth : a review of recent empirical evidence," Policy Research Working Paper Series 8040, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial inclusion; Financial literacy; Financial institutions; Financial development;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • G2 - Financial Economics - - Financial Institutions and Services

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