The macroeconomic impacts of the mobile money: empirical evidence from EVC plus in Somalia

IF 1.3 Q3 ECONOMICS

Journal of Financial Economic Policy Pub Date : 2022-10-31 DOI:10.1108/jfep-06-2022-0152

Abdinur Ali Mohamed, M. Nor

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引用次数: 3

Abstract

Purpose The purpose of this study was to examine the macroeconomic impact of mobile money in Somalia using quarterly data from 2010 to 2020. Design/methodology/approach This study applied the structural vector autoregressive approach to examine the response of the macroeconomic variables to the mobile money shocks. Findings The results show that mobile money increases consumer spending by reducing transaction costs and enhancing access to finance, which promotes the expansion of aggregate output. This study also finds that mobile money helps exchange rate stability and price level maintenance, boosting trade openness. Moreover, mobile money is linked to the rise in real income due to productivity improvement and price stability. The results of this study indicated that mobile money has a short-run relationship with aggregate output, household consumption, price level, trade openness and real income. Through the Granger causality test, this study finds that mobile money has a unidirectional relationship with the exchange rate, price level, household consumption and trade openness. Originality/value The empirical findings of this study imply that mobile money can create a wide range of financial services to improve the financial system in rural and urban areas; hence, it enables poor and rural members of society to make payments and receive-and-transfer money using their mobiles.

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移动货币的宏观经济影响:来自索马里EVC +的经验证据

本研究的目的是使用2010年至2020年的季度数据来检验索马里移动货币的宏观经济影响。设计/方法/方法本研究采用结构向量自回归方法考察宏观经济变量对移动货币冲击的反应。研究结果表明，移动货币通过降低交易成本和增加融资渠道来增加消费者支出，从而促进了总产出的扩张。本研究还发现，移动货币有助于汇率稳定和物价水平维持，促进贸易开放。此外，由于生产率的提高和价格的稳定，移动货币与实际收入的增加有关。研究结果表明，移动货币与总产出、居民消费、物价水平、贸易开放程度和实际收入存在短期关系。通过格兰杰因果检验，本研究发现移动货币与汇率、物价水平、居民消费和贸易开放程度存在单向关系。本研究的实证结果表明，移动货币可以创造广泛的金融服务，改善农村和城市地区的金融体系;因此，它使贫困和农村社会成员能够使用手机进行支付、收款和转账。

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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来源期刊

Journal of Financial Economic Policy ECONOMICS-

CiteScore

2.80

自引率

8.30%

发文量

期刊介绍： The Journal of Financial Economic Policy publishes high quality peer reviewed research on financial economic policy issues. The journal is devoted to the advancement of the understanding of the entire spectrum of financial policy and control issues and their interactions to economic phenomena. Economic and financial phenomena involve complex trade-offs and linkages between various types of risk factors and variables of interest to policy makers and market participants alike. Market participants such as economic policy makers, regulators, banking and competition supervisors, corporations and financial institutions, require timely and robust answers to the contemporary and emerging policy questions. In turn, such answers require thorough input by the academics, policy makers and practitioners alike. The Journal of Financial Economic Policy provides the forum to satisfy this need. The journal publishes and invites concise papers to enable a prompt response to current and emerging policy affairs.