Determinants and Impacts of Financial Literacy in the Lao PD

Peter Morgan and Trinh Long

Working Papers from eSocialSciences

Abstract: The paper extends the literature by conducting the survey in a relatively low-income Asian economy— the Lao PDR—and analyzing the determinants of financial literacy and the effects of financial literacy on other behaviors. It also compares these results with those of the earlier study of financial literacy in Cambodia and Viet Nam. This study of the Lao PDR extends our research in the Cambodia-Lao PDR-Myanmar-Viet Nam (CLMV) region, and the survey was broadened to include more variables that could be used as effective instrumental variables for financial literacy to deal with possible endogeneity problems. This increases our confidence in our findings that financial literacy positively affects both savings and financial inclusion.

Keywords: eSS; financial literacy; financial behavior; financial inclusion; household saving; Cambodia; Lao PDR; Viet Nam (search for similar items in EconPapers)
Date: 2019-03
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Working Paper: Determinants and Impacts of Financial Literacy in the Lao PDR (2019)
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