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The comparative exploration of mobile money services in inclusive development

Simplice Asongu (African Governance and Development Institute, Yaoundé, Cameroon)
Ndemaze Asongu (African Governance and Development Institute, Yaoundé, Cameroon)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 8 January 2018

801

Abstract

Purpose

The purpose of this paper is to 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 and negatively correlated with inequality in Latin American countries. Second, growing use of mobile phones to send/receive money is negatively associated with poverty in Asia and Pacific and Central and Eastern Europe.

Originality/value

Macroeconomic data on mobile money service are scarce. No study to the best of our knowledge has used this macroeconomic mobile money service data before.

Keywords

Acknowledgements

The authors are indebted to the editor and reviewers for constructive comments.

Citation

Asongu, S. and Asongu, N. (2018), "The comparative exploration of mobile money services in inclusive development", International Journal of Social Economics, Vol. 45 No. 1, pp. 124-139. https://doi.org/10.1108/IJSE-08-2016-0221

Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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