The Comparative Exploration of Mobile Money Services in Inclusive Development

International Journal of Social Economics, 45(1), pp. 124-139 (January, 2018).

24 Pages Posted: 10 Apr 2017 Last revised: 19 Dec 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Ndemaze Asongu

University of South Africa - Department of Communication Science

Date Written: January 2, 2017

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.

Keywords: Mobile money services, Quality of growth, Poverty, Inequality

JEL Classification: G20; O40; I10; I20; I32

Suggested Citation

Asongu, Simplice and Asongu, Ndemaze, The Comparative Exploration of Mobile Money Services in Inclusive Development (January 2, 2017). International Journal of Social Economics, 45(1), pp. 124-139 (January, 2018).. Available at SSRN: https://ssrn.com/abstract=2949602 or http://dx.doi.org/10.2139/ssrn.2949602

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Ndemaze Asongu

University of South Africa - Department of Communication Science ( email )

Pretoria
South Africa

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