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The comparative exploration of mobile money services in inclusive development

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  • Asongu, Simplice
  • Asongu, Ndemaze

Abstract

Purpose- We respond to some challenges in the transition to Sustainable Development Goals by examining the correlations between mobile and inclusive development (quality of growth, poverty and inequality) in 93 developing countries for the year 2011. Design/methodology/approach- Mobile money service entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. Interactive Ordinary Least Squares are employed. Findings- The following findings are established. First, increasing use of the mobile phones to pay bills: is positively linked to ‘quality of growth’ in lower-middle income countries (LMIC) and negatively correlated with inequality in Latin American countries (LA). Second, growing use of mobile phones to send/receive money is negatively associated with poverty in Asia and Pacific (AP) and Central and Eastern Europe (CEE). Originality/value- Macroeconomic data on mobile money service is scarce. No study to the best of our knowledge has used this macroeconomic mobile money service data before.

Suggested Citation

  • Asongu, Simplice & Asongu, Ndemaze, 2017. "The comparative exploration of mobile money services in inclusive development," MPRA Paper 80648, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:80648
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    References listed on IDEAS

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    Cited by:

    1. Simplice Asongu & Agyenim Boateng, 2018. "Introduction to Special Issue: Mobile Technologies and Inclusive Development in Africa," Journal of African Business, Taylor & Francis Journals, vol. 19(3), pages 297-301, July.
    2. Efobi, Uchenna & Tanankem, Belmondo & Asongu, Simplice, 2018. "Female Economic Participation with Information and Communication Technology (ICT) Advancement: Evidence from Sub-Saharan Africa," MPRA Paper 87864, University Library of Munich, Germany.

    More about this item

    Keywords

    Mobile money services; Quality of growth; poverty; inequality;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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