Investigating the Economic Dynamics of Mobile Money in Post-Conflict Economies: Empirical Evidence from Somalia

Qeios Pub Date : 2024-05-13 DOI:10.32388/y8c0mk
Mohamed Ibrahim Nor, Abdinur Ali Mohamed
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Abstract

This study investigates the economic dynamics of mobile money in Somalia, focusing on its transformative potential to impact economic activities in the short and long term. Adopting a quantitative research design, the study utilizes secondary data from 2010 to 2022. The autoregressive distributed lag (ARDL) approach is employed to assess the impact of mobile money on household consumption, real income, exports, and imports. Theoretical insights from the quantity theory of money further guide the examination of how mobile money influences economic activities. The findings demonstrate that mobile money has a significant positive effect on household consumption, real income, export growth, and import activity both in the short and long term. The study reveals that mobile money not only facilitates financial transactions but also enhances trade efficiency and promotes financial inclusion, thereby stimulating economic activities and growth. The study underscores the need for a supportive regulatory environment for mobile money services. It highlights that financial institutions and mobile money service providers should expand innovative services to include the unbanked population. By doing so, they can leverage mobile money to foster greater economic engagement and empowerment. Policymakers are encouraged to develop strategies that promote financial inclusion and economic development to harness the full potential of mobile money. This study enriches the existing literature by uniquely investigating the economic impacts of mobile money in Somalia, a post-conflict setting, thereby broadening the understanding of how financial technologies can catalyze economic activities and growth in similar contexts.
调查冲突后经济体中移动支付的经济动态:索马里的经验证据
本研究调查了索马里移动支付的经济动态,重点关注其在短期和长期影响经济活动的变革潜力。本研究采用定量研究设计,利用了 2010 年至 2022 年的二手数据。采用自回归分布滞后(ARDL)方法评估移动支付对家庭消费、实际收入、出口和进口的影响。货币数量理论的理论见解进一步指导了对移动货币如何影响经济活动的研究。研究结果表明,从短期和长期来看,移动货币对家庭消费、实际收入、出口增长和进口活动都有显著的积极影响。研究表明,移动支付不仅促进了金融交易,还提高了贸易效率,促进了金融包容性,从而刺激了经济活动和增长。研究强调,需要为移动支付服务创造有利的监管环境。研究强调,金融机构和移动支付服务提供商应扩大创新服务,将无银行账户的人群纳入其中。通过这样做,它们可以利用移动支付促进更多的经济参与和赋权。鼓励政策制定者制定促进金融包容性和经济发展的战略,以充分发挥移动支付的潜力。本研究独特地调查了移动支付在索马里这一冲突后环境中的经济影响,丰富了现有文献,从而拓宽了人们对金融技术如何在类似环境中促进经济活动和增长的理解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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