{"title":"Mobile Money: An Innovative Solution to Reduce Households’ Vulnerability to Economic Shocks","authors":"Gbêtondji Melaine Armel Nonvide","doi":"10.1007/s13132-024-02274-4","DOIUrl":null,"url":null,"abstract":"<p>Mobile money is an innovative solution to facilitate access to financial services for financially excluded people. This paper assesses the impact of mobile money adoption on households’ vulnerability to economic shocks in Benin. First, using a sequential logit model, the results show that age is the main determinant of the five (5) processes of mobile money adoption. Second, employing a linear probability model with an instrumental variable (LPM-IV) and an extended probit regression model, the results reveal that the use of mobile money increases households’ ability to respond to economic shocks such as death or income loss, illness, harvest failure, and loss of livestock. Third, the use of mobile money favors poor people compared to non-poor. However, women and non-educated benefited less compared to men and educated. Overall, these findings have important policy implications for building household resilience to unforeseen events.\n</p>","PeriodicalId":47435,"journal":{"name":"Journal of the Knowledge Economy","volume":"1 1","pages":""},"PeriodicalIF":4.0000,"publicationDate":"2024-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Knowledge Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s13132-024-02274-4","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
Mobile money is an innovative solution to facilitate access to financial services for financially excluded people. This paper assesses the impact of mobile money adoption on households’ vulnerability to economic shocks in Benin. First, using a sequential logit model, the results show that age is the main determinant of the five (5) processes of mobile money adoption. Second, employing a linear probability model with an instrumental variable (LPM-IV) and an extended probit regression model, the results reveal that the use of mobile money increases households’ ability to respond to economic shocks such as death or income loss, illness, harvest failure, and loss of livestock. Third, the use of mobile money favors poor people compared to non-poor. However, women and non-educated benefited less compared to men and educated. Overall, these findings have important policy implications for building household resilience to unforeseen events.
期刊介绍：
In the context of rapid globalization and technological capacity, the world’s economies today are driven increasingly by knowledge—the expertise, skills, experience, education, understanding, awareness, perception, and other qualities required to communicate, interpret, and analyze information. New wealth is created by the application of knowledge to improve productivity—and to create new products, services, systems, and process (i.e., to innovate). The Journal of the Knowledge Economy focuses on the dynamics of the knowledge-based economy, with an emphasis on the role of knowledge creation, diffusion, and application across three economic levels: (1) the systemic ''meta'' or ''macro''-level, (2) the organizational ''meso''-level, and (3) the individual ''micro''-level. The journal incorporates insights from the fields of economics, management, law, sociology, anthropology, psychology, and political science to shed new light on the evolving role of knowledge, with a particular emphasis on how innovation can be leveraged to provide solutions to complex problems and issues, including global crises in environmental sustainability, education, and economic development. Articles emphasize empirical studies, underscoring a comparative approach, and, to a lesser extent, case studies and theoretical articles. The journal balances practice/application and theory/concepts.
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