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An analysis of the factors affecting the financial inclusion in Côte d’Ivoire

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  • Sionfou Seydou Coulibaly

    (Department of Economics and Management, Félix Houphouët-Boigny University, Abidjan, Côte d’Ivoire)

Abstract

The purpose of this study is to examine the drivers of the ownership and use of mobile accounts as compared to those of financial institution accounts in Côte d’Ivoire. In this perspective, individual level data from the Global Findex 2017 database were used to carry out simple probit and Heckman probit estimations. The results revealed that the ownership of mobile accounts is associated with determinants related to individuals in the least vulnerable strata of society (wealthier and more educated individuals and individuals in the labour force), while their use is associated with determinants related to individuals in the most vulnerable strata of society (women and individuals out of the labour force). On the other hand, the ownership and use of financial institution accounts are associated with the determinants related to individuals in the least vulnerable strata of society. Therefore, the delay between the financial institution accounts’ penetration rate and that of mobile accounts in Côte d’Ivoire may be explained by the greater use of mobile accounts by individuals in the most vulnerable strata of society, which represent the large share of the unbanked.

Suggested Citation

  • Sionfou Seydou Coulibaly, 2022. "An analysis of the factors affecting the financial inclusion in Côte d’Ivoire," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(1), pages 69-84, January.
    • Handle: RePEc:rbs:ijfbss:v:11:y:2022:i:1:p:69-84
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    References listed on IDEAS

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    1. Aron, Janine, "undated". "'Leapfrogging': a Survey of the Nature and Economic Implications of Mobile Money," INET Oxford Working Papers 2017-02, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Jan 2017.
    2. Kosmas Njanike, 2019. "An investigation on the determinants of opening a bank account in Zimbabwe," Development Southern Africa, Taylor & Francis Journals, vol. 36(4), pages 426-442, July.
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    Cited by:

    1. Amirreza Kazemikhasragh & Marianna Vanessa Buoni Pineda, 2022. "Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to Covid‐19 in Latin America and the Caribbean," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1785-1797, August.

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