IDEAS home Printed from https://ideas.repec.org/p/iis/dispap/iiisdp399.html
   My bibliography  Save this paper

Assistant Professor

Author

Listed:
  • Michael King

    () (Institute for International Integration Studies, Trinity College Dublin)

Abstract

Economic theory and recent empirical evidence suggest that access to savings, payment and credit services can play a key role in poverty alleviation. Despite this, significant financial exclusion persists across sub-Saharan Africa. By pooling eleven nationally representative surveys, this paper examines the role of individual, geographic and national characteristics in influencing the use of formal financial services. While evidence is found for the importance of an individual's income, education, psychometric perspective and proximity to services in the likelihood of having personal access to financial services, cross-country differences also play a significant role. Although financial access is likely to have a slow-burning effect on the household's welfare, a novel instrument, level of trust in banks, helps identify a causal role for use of financial services in influencing an individual's income.

Suggested Citation

  • Michael King, 2012. "Assistant Professor," The Institute for International Integration Studies Discussion Paper Series iiisdp399, IIIS.
  • Handle: RePEc:iis:dispap:iiisdp399
    as

    Download full text from publisher

    File URL: http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp399.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Patrick Honohan & Thorsten Beck, 2007. "Making Finance Work for Africa," World Bank Publications, The World Bank, number 6626, January.
    2. Djankov, Simeon & Miranda, Pedro & Seira, Enrique & Sharma, Siddharth, 2008. "Who are the unbanked ?," Policy Research Working Paper Series 4647, The World Bank.
    3. Douglas Staiger & James H. Stock, 1997. "Instrumental Variables Regression with Weak Instruments," Econometrica, Econometric Society, vol. 65(3), pages 557-586, May.
    4. Marianne Bertrand & Sendhil Mullainathan & Eldar Shafir, 2004. "A Behavioral-Economics View of Poverty," American Economic Review, American Economic Association, vol. 94(2), pages 419-423, May.
    5. Carol Newman & Finn Tarp & Katleen Van Den Broeck, 2011. "Social Capital and Savings Behaviour: Evidence from Vietnam," The Institute for International Integration Studies Discussion Paper Series iiisdp351, IIIS.
    6. Thorsten Beck & Asli Demirgüç-Kunt & Patrick Honohan, 2009. "Access to Financial Services: Measurement, Impact, and Policies," World Bank Research Observer, World Bank Group, vol. 24(1), pages 119-145, February.
    7. World Bank, 2008. "Finance for All? Policies and Pitfalls in Expanding Access," World Bank Publications, The World Bank, number 6905, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Access to finance; banking; barriers to banking services; Sub-Saharan Africa; financial inclusion; FinScope Surveys;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iis:dispap:iiisdp399. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Colette Keleher). General contact details of provider: http://edirc.repec.org/data/cetcdie.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.