Determinants of Saving-Borrowing Decisions and Financial Inclusion in a High Middle Income Country: The Turkish Case
Posted: 8 Mar 2015
Date Written: March 8, 2015
We use a representative survey of the Turkish household sector and investigate the determinants of saving-borrowing decisions. We use the same set of regressors to account for the impact of economic and demographic factors on the choices involved. Thus we run four probit regressions to elucidate (i) the saving decision (ii) asset choice or portfolio composition for those who save (iii) the bank loan decision and lastly (iv) the formal vs informal borrowing decision. We offer some insights regarding the influence of determinants like rural to urban immigrant status, religious belief on saving-borrowing decisions.
Keywords: Household finance, financial inclusion, financial institutions
JEL Classification: D14, G21, O16
Suggested Citation: Suggested Citation