Determinants of Saving-Borrowing Decisions and Financial Inclusion in a High Middle Income Country: The Turkish Case

Posted: 8 Mar 2015

See all articles by Nurhan Davutyan

Nurhan Davutyan

Marmara University - Industrial Engineering Department

Belma Ozturkkal

Kadir Has University Istanbul, Turkey

Date Written: March 8, 2015

Abstract

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

Davutyan, Nurhan and Ozturkkal, Belma, Determinants of Saving-Borrowing Decisions and Financial Inclusion in a High Middle Income Country: The Turkish Case (March 8, 2015). Available at SSRN: https://ssrn.com/abstract=2575423

Nurhan Davutyan

Marmara University - Industrial Engineering Department ( email )

Goztepe Campus
Istanbul, Istanbul 34840
Turkey

Belma Ozturkkal (Contact Author)

Kadir Has University Istanbul, Turkey ( email )

Kadir Has Caddesi Cibali
Istanbul
Turkey
+90 212 533 5765 (Phone)

HOME PAGE: http://https://mgmt.khas.edu.tr/en/academic/2008

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