EconPapers    
Economics at your fingertips  
 

Investigating the well‐being implications of mobile money access and usage from a multidimensional perspective

Carlos Sakyi‐Nyarko, Ahmad Hassan Ahmad and Christopher J. Green

Review of Development Economics, 2022, vol. 26, issue 2, 985-1009

Abstract: Using household survey data gleaned from Ghana, we carried out a microeconometric analysis of the relationship between mobile money (m‐money) and multidimensional well‐being. A key feature of this paper is the computation of a well‐being index, incorporating important household welfare dimensions including health, education, and wealth, thus allowing an examination of the link between m‐money and well‐being from a multidimensional perspective. Using instrumental variable probit models with phone ownership and public sector employment as instruments, we find that although access to m‐money is important it is its usage that has a profound well‐being effect. We also explore alternative specifications of the models in which access to, and usage of, m‐money explains the variations in the individual well‐being components, which also relate to the Sustainable Development Goals. The results from these alternative specifications suggest that there are significant welfare disparities between those who just have access to m‐money and those who use it frequently. The policy implication of this finding is that measures that encourage m‐money usage would not only promote financial inclusion but also lead to improvement in welfare outcomes and living standards, especially in rural households.

Date: 2022
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/rode.12848

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:rdevec:v:26:y:2022:i:2:p:985-1009

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1363-6669

Access Statistics for this article

Review of Development Economics is currently edited by E. Kwan Choi

More articles in Review of Development Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2022-05-07
Handle: RePEc:bla:rdevec:v:26:y:2022:i:2:p:985-1009