EconPapers    
Economics at your fingertips  
 

A spatial-temporal analysis of financial literacy in United States of America

Geng Peng, Fang Liu, Wenyi Lu, Kaicheng Liao, Changan Tang and Lei Zhu

Finance Research Letters, 2018, vol. 26, issue C, 56-62

Abstract: Most existing studies on the regional distribution of financial literacy overlook the cross-regional variation over time and its determinants. Therefore, this paper chooses spatial Durbin model with panel data to account for spatial dependence of financial literacy across US in 2009, 2012 and 2015. Our empirical findings support that financial literacy of an individual state is associated with the characteristics of its neighbors. Specifically, we find support for the spatial spillover perspective in which per capita real GDP and unemployment rate are positively, and Gini coefficient is negatively associated with the financial literacy in neighboring states.

Keywords: Spatial-temporal analysis; Financial literacy; Spatial Durbin model; Spatial dependence (search for similar items in EconPapers)
JEL-codes: D14 D18 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612317304373
Full text for ScienceDirect subscribers only

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:eee:finlet:v:26:y:2018:i:c:p:56-62

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-03-30
Handle: RePEc:eee:finlet:v:26:y:2018:i:c:p:56-62