MICROFINANCE AND MOBILE MONEY: DIFFERENT REGIONS AND INCOME LEVEL
Journal
Economic Development, JOURNAL OF THE INSTITUTE OF ECONOMICS - SKOPJE
Date Issued
2021-12
Author(s)
Borjana Stojkova, Klimentina Poposka, Iskra Stanceva Gigov
Abstract
Microfinance and mobile money have recently become very popular
globally. There is hardly a country in the world that is not using the benefits of
microfinance and mobile banking. Digitization increasingly intensify their use.
However, the different degree of development of economies and digitalization
level determinate the use of these categories in the various regions and in the
countries with different income levels. Hence, the purpose of this paper is to
explore whether there are statistically significant differences in the level of
microfinance and mobile money between regions, but also between grouped
countries based on different income levels. The research is based on the various available data and indicators regarding microfinance and mobile money
that are used as observation in the one-way ANOVA analysis. The analysis
indicates significant differences in the level of microfinance and mobile money
according to the income levels of the countries. Namely, the countries with
higher level of income have higher level of microfinance and mobile money.
Also, no evidence was found of differences in microfinance levels between the
regions proposed for testing as groups.
globally. There is hardly a country in the world that is not using the benefits of
microfinance and mobile banking. Digitization increasingly intensify their use.
However, the different degree of development of economies and digitalization
level determinate the use of these categories in the various regions and in the
countries with different income levels. Hence, the purpose of this paper is to
explore whether there are statistically significant differences in the level of
microfinance and mobile money between regions, but also between grouped
countries based on different income levels. The research is based on the various available data and indicators regarding microfinance and mobile money
that are used as observation in the one-way ANOVA analysis. The analysis
indicates significant differences in the level of microfinance and mobile money
according to the income levels of the countries. Namely, the countries with
higher level of income have higher level of microfinance and mobile money.
Also, no evidence was found of differences in microfinance levels between the
regions proposed for testing as groups.
Subjects