Money Of Account Research Articles

Demotic Ostracon of Account of money

Demotic Ostracon of Account of money

Digitalization of cotton farming in the municipality of Banikoara in Northwestern Benin

The widespread use of mobile telephony and the internet constitutes an asset for digitalization in the agricultural sectors in Africa. Cotton being the leading export crop in Benin, this study aims to understand the determinants of the adoption of digitalization (use of digital machines, membership of a social network for information exchange, use of a mobile money account) by cotton producers in the municipality of Banikoara. In this context, a socio-economic survey was carried out with a sample of 314 producers, obtained by purposive sampling. The binary logistic regression method made it possible to identify the factors affecting the adoption of digitalization. Thus, the level of banking, the use of labor, the area of cotton sown and knowledge of agricultural information and exchange platforms had a significant impact on the use of digital machines in agriculture. Membership of a social network for information exchange between producers was influenced by the level of banking, the type of cotton grown, the strengthening of relationships with others, the risk linked to the use of digitalization and the assessment of the level of security of digitization by the producers. Finally, the level of banking, the exercise of a secondary activity and the use of labor were the significant variables in the adoption of mobile money by cotton farmers in Banikoara. However, the use of more advanced technologies such as drones and sensors was not yet a reality for these producers. This information is very useful for any project to popularize and promote these new technologies in the modernization of agriculture.

Women digital financial inclusion and economic growth in Nigeria

PurposeThis article analyses the trend in women digital financial inclusion in Nigeria using some digital financial inclusion indicators obtained from the global Findex database for the year 2014, 2017 and 2021. The study also analyses the relationship between women digital financial inclusion and economic growth.Design/methodology/approachThe data were analysed using the two-stage least squares (2SLS) and generalised method of moments (GMM) regression estimation methods. The women digital financial inclusion indicators are the percentage of women who (1) own a mobile money account, (2) made a digital payment, (3) received digital payments, (4) made or received a digital payment, (5) own a credit card and (6) own a debit card.FindingsThe trend analysis shows a sustained, although small, improvement in women mobile money account ownership during the period, while the other indicators witnessed a decrease in 2017 and an increase in 2021, except for women credit card ownership which remained at the same level during the period examined. There is a significant positive relationship between women digital financial inclusion and economic growth. Internet usage has a significant positive effect on women digital financial inclusion in Nigeria.Practical implicationsGreater digital financial inclusion for women can accelerate economic growth in Nigeria. Policymakers should encourage investment in fintech and broaden access to the Internet to increase women digital financial inclusion and economic growth in Nigeria. Policymakers and practitioners in Nigeria should also work collaboratively to increase digital financial inclusion for women due to its potential to increase economic growth in Nigeria.Originality/valueExisting studies did not analyse the trends in women digital financial inclusion. Existing studies did not empirically analyse the impact of women digital financial inclusion on economic growth in Nigeria. The present study fills this gap in the literature.

Gendered distributional impacts of ownership of mobile money account on farm input expenditures: A micro perspective from rural maize farmers in Ghana

AbstractThis article investigates the distributional impact of mobile money account ownership on farm input expenditures among maize farmers in southern Ghana. Using cross‐sectional data from 1044 farm households, we employed an instrumental variable quantile regression to account for endogeneity and selection bias. We find that socioeconomic, spatial location, and institutional factors significantly influence male and female‐headed household decisions to own mobile money accounts. The empirics show that male‐headed households spend more on fertilizer and pesticide relative to female‐headed households. Mobile money account ownership increases fertilizer expenditure in male‐headed households more than female‐headed households. Male‐headed families with mobile money accounts spend 13.9% and 6.5% more on fertilizer at the 40th and 60th quantiles. High 80th quantile female‐headed households spend 4.3% more on fertilizer. For male‐headed households, farming experience and education positively influence mobile money account ownership on fertilizer expenditure, while off‐farm activity at the 40th quantile positively influences female‐headed households. Our results distill useful policy implications that call for concerted efforts targeted at digital financial inclusion with an eye to bridging differential gender gaps.

Money and Its Body in the Social Positioning and Credit Perspectives: Review Article of Samuel A. Chambers’ Money has No Value

Abstract A new and distinctive version of the credit theory of money is advanced by Samuel A. Chambers in his book Money Has No Value. The account of money sponsored by social positioning theory is an alternative perspective against which Chambers’ new credit theory can be productively compared. This review article draws out the differences between these competing theories of the nature of money. An examination of Chambers’ brief, largely dismissive, remarks on social positioning theory reveals a flawed conception of it. The social positioning theory of money is shown to be a coherent and explanatorily powerful account that is worthy of consideration alongside even the updated version of the credit theory supplied by Chambers.

Electronic money accounting in developing countries: current state and future prospects

Electronic money accounting in developing countries: current state and future prospects

Socioeconomic determinants of ownership of payment cards, mobile money account, and government remittances of digital financial services: evidence from India

Purpose This paper aims to measure the extent of digital financial inclusion (DFI) and examine the effect of socioeconomic characteristics on using government remittances and the adoption of digital financial services (DFS) during the COVID-19 pandemic. Design/methodology/approach The World Bank Global Financial Inclusion (Global Findex) database 2021 is used in this study, with a sample size of 3,000 Indian individuals. The study measured the demand-side analysis of DFI, namely, accessibility and usage of DFS with selected socioeconomic characteristics such as gender, age, income, education, being in the workforce and residential status of respondents. The dependent variable is binary in nature; therefore, the logistic regression model is used for the data analysis. Findings The results of the study reveal that individuals’ socioeconomic factors, such as female, all the age groups, tertiary education, third- and fourth-income quintile and workforce, are found to have a significant association with “accessibility,” an exogenous variable of DFS. Besides, respondents’ socioeconomic attributes, namely, female, tertiary education, income for all quintiles and workforce, are more likely to use DFSs in the COVID-19 pandemic. The study also finds the residential status of individuals is influencing the accessibility and usage of DFS. Practical implications The findings of the study provide valuable insights to the service providers and policymakers regarding the rapid expansion of DFS by digital infrastructure, simplifying the banking procedures and highlighting the importance of digital financial literacy to accomplish government goals through serving the unbanked population and also design strategies for achieving the objectives of Digital India: “Faceless, Paperless, and Cashless” of DFI across the country. Originality/value Notable studies used World Bank Findex survey data to explore the determinants of financial inclusion in general. This research is one among the few studies to explore the determinants of India’s DFI. Moreover, this study measured the effect of individual socioeconomic attributes on the adoption of DFSs during the COVID-19 pandemic, which has not been included in prior studies. Therefore, this study has added value to the existing literature on financial technology innovation and DFS for the sustainable development of emerging nations.

Impact of digital financial inclusion on the participation in farmer‐based organisations, structured market and off‐farm work in Ghana

AbstractThis paper examines the impact of mobile money account ownership on farmers' participation in farmer‐based organisations (FBOs), structured market and off‐farm work. Relying on recursive bivariate probit model, our results reveal that owning a mobile money account increases the likelihood of farmers' participating in an FBO, structured market and off‐farm work by 15.4%, 33.3% and 37.5%, respectively. Furthermore, mobile money account ownership is influenced by socioeconomic and institutional factors as well as the presence of mobile money vendors within a community. Our finding calls for sustained efforts to deepen digital financial inclusion for increased participation in FBOs, structured market and off‐farm work.

Beyond Governance and Prevention: On the Use(s) of Aristotle for Theorizing Money’s Politics

What are the contents, limits, and possibilities of Aristotle’s works for critical thinking about money? Recent scholarship has (re)turned to Aristotle as an authority for two key political approaches to money. The first aims to democratize the governance of monetary institutions in order to realize more just economic outcomes. The second seeks to prevent money, or its inherently deleterious excesses, from corrupting political actors and political life. Arguing that these two approaches are insightful, important, and incomplete, I reengage Aristotle’s account of money across the Nicomachean Ethics and the Politics to theorize money as a vital but underexplored means of political subject formation. I illuminate how the use of money produces collective and constitutive relations that emerge by way of people’s engagements and entanglements with the things they produce, acquire, desire, and exchange. Bringing this to light also makes visible, I argue, how Aristotle understands money as something capable of being used to both bring about social justice and to pervasively corrupt the foundations of shared democratic life. Taking stock of this dual capacity of money, I show how money’s relationship to subjectivity simultaneously makes money the site of a seemingly intractable problem for politics under capitalism and the means to revive it and reconnect it to democratic life.

The Impact of Digital Transformation on Financial Inclusion: Through the Case of Mobile Money Account in Senegal

This study examines the impact of digital transformation on financial inclusion, focusing on the case of mobile money accounts in Senegal. As the world experiences rapid technological advancements, digital financial services have emerged as a key driver of financial inclusion in developing economies. Through the scope of mobile money accounts, this research analyzes the extent to which digitalization has facilitated access to financial services for diverse socioeconomic groups in Senegal. Based on the microeconomic data from the World Bank's Global Findex database, this study investigates the ownership of mobile money accounts across various demographic factors, such as gender, education, and income levels. By employing logistic regression analysis, the findings reveal that Senegal has experienced financial inclusion through mobile money accounts when considering the overall increase in the number of account holders. However, the results show that inequality in financial inclusion exists among different groups, manifesting in distinct patterns across education, income, and gender categories. As digital financial services offer a promising path for broader access to financial accounts, the research highlights the significance of proactive government policies aimed at reducing disparities and ensuring equitable financial inclusion for all socioeconomic segments. Overall, this study contributes to the existing literature on financial inclusion and digital transformation, providing valuable insights for policymakers, financial institutions, and international organizations working towards sustainable and inclusive financial systems in developing countries like Senegal.

Do research performances of universities and disciplines in England converge or diverge? An assessment of the progress between research excellence frameworks in 2014 and 2021

Performance-based research funding systems (PBRFSs) have been used in selectively distributing research funding, increasing public money accountability and efficiency. Two recent such evaluations in England were called the Research Excellence Framework (REF), which took place in 2014 and 2021, and the research environment, outputs and impact of the research were evaluated. Even though various aspects of the REF were examined, there has been limited research on how the performance of the universities and disciplines changed between the two evaluation periods. This paper assesses whether there has been convergence or divergence in research quality across universities and subject areas between 2014 and 2021 and found that there was an absolute convergence between universities in all three research elements evaluated, and universities that performed relatively worse in REF in 2014 experienced higher growth in their performance between 2014 and 2021. There was also an absolute convergence in the research environment and impact across different subject areas, but there is no significant convergence in the quality of research outputs across disciplines. Our findings also highlight that there has been an absolute convergence in research quality within the universities (between different disciplines in a given university) and within disciplines (between universities in a given subject).

Towards an encompassing concept of remittance in the digital era: Assessing the role of formal banking and mobile money accounting in its spatial flow

Drawing from capital mobility theory, this article adopts an encompassing view on remittance that covers both domestic and international financial transfers, to retrospectively explore and evaluate the relative influences of formal banking (FB) and mobile money accounting (MMA) on the extensive supply of remittances from individuals living within the economic community of the West African states (ECOWAS), during the COVID-19 pandemic. To that end, the study uses random utility maximization to model ECOWAS level data extracted from the 2021 Global Findex Survey. The results show that FB and MMA had respectively 12.2% and 54.5% positive impacts on the marginal utilities (MUs) individuals derive from supplying remittances. The comparative evaluation of the two remittance channels suggested that FB and MMA were neither substitutes, nor complements into the individual’s extensive supply function of remittances within ECOWAS. However, MMA was found to be 4.47 times more effective than FB, at driving outbound remittance behavior. Additionally, the findings revealed a significant income gradient in outbound remittance behavior; as well as highlighting a 22.4% gender based gradient in remittance sending in favor of females; and a 6.4% regional gradient favoring urban residents. Moreover, the econometric findings suggested that expending financial inclusion through easing access to key financial products and services; as well as government welfare programs, and employment income, significantly increased the likelihood of remittance sending within the ECOWAS bloc. Hence, important implications for endogenous regional growth and future research are discussed.

Access and usage of financial products in India: A gender gap analysis

This paper examines the status and determinants of the gender gap in access and usage of financial products and services using 3000 sample of Findex survey data 2021 in India. The results provide evidence to support the gender gap in access and usage of financial services. Particularly they are prominent in access to Mobile Money Accounts (MMAs; 12.03%), debit card (16.27%), and credit card (4.91%). At the same time, a remarkable gender gap was also found in the usage of financial products, specifically in MMA savings (4.25%), deposits (11.52%), withdrawal from accounts (6.83%), debit cards (13.27%) and credit cards (3.94%) usage. Finally, this paper documented the gender gap in access and use of financial products explained by a lower level of education, income, employment, mobile phone ownership, and internet access. The findings suggest that increasing traditional and digital financial literacy and employment opportunity among women are essential. It is also recommended to expand internet connectivity and mobile devices to all socio-economic categories of women.

Improvement of organization and automation of commercial enterprise electronic money accounting in conditions of economy digitalization

In the conditions of digitization of the globalized world economy, Ukrainian enterprises have an informational request for methodical recommendations regarding the technique of conducting and computerized accounting of electronic money payments, which are an innovative form of settlement transactions. The purpose of the study was to form actual methodological recommendations regarding the organization of automated accounting of payments in electronic money at the enterprise, as well as to justify the choice of the necessary software product for this purpose. To achieve the goal, the method of morphological analysis, comparative and critical analysis, system-structural approach, bibliographic method was used. Ukrainian enterprises are suggested to implement accounting work with electronic money in two successive steps. The transformations that will take place in the accounting work for settlement transactions of the enterprise in the case of the introduction of national digital currencies are substantiated. The technological possibilities of using neural networks for processing arrays of data regarding electronic money calculations carried out in payment systems are explained. It has been proven that, according to the forecasted trends, it is expedient for Ukrainian enterprises to switch from local accounting software products to the use of cloud services. Functional capabilities of 12 cloud-based software solutions popular in Ukraine for automating accounting and analytical work were analysed, from the point of view of the possibility of computerized accounting of settlement operations in electronic money. The advantages and disadvantages of individual SaaS services are explained, and the expedient ones are recommended for use. Recommendations were made to adjust the Order on accounting policy, following the scheme of organizational and procedural measures developed in the work. It is proposed to assess the compliance of the existing accounting software product with management information requests that arise when using electronic money to make payments. The recommendations were developed on the basis of a detailed study of the prospects for the further popularization of electronic money. The study is of practical interest for Ukrainian enterprises that involve in their business innovative payment solutions in the conditions of rapid digitalization of the economy

Saving for Multiple Financial Needs: Evidence from Lockboxes and Mobile Money in Malawi

Abstract We test whether the provision of multiple labeled savings accounts affects savings and downstream outcomes in an experiment with 761 microentrepreneurs in urban Malawi. Treatment respondents received one or multiple savings accounts, in the form of lockboxes or mobile money. We find that while providing additional boxes increased savings by 40%, technical issues marred the efficacy of a second mobile money account. Data from novel high-frequency surveys suggest that both types of accounts had impacts on downstream outcomes, including farming decisions and credit extended to customers. We do not detect differential downstream effects by the number or modality of accounts.

Financial inclusion and poverty: evidence from developing economies

PurposeThis paper examines the impact of financial inclusion on poverty through access to mobile money in developing economies.Design/methodology/approachThe authors employ the principal component analysis to construct an index of financial inclusion using demand and supply indicators, including mobile accounts. The authors use the two-step system GMM estimator for the analysis because of its efficiency and robustness in addressing heteroscedasticity and autocorrelation.FindingsThe main finding is that financial inclusion generally increased and significantly reduces poverty in the sample period. Furthermore, income inequality worsens poverty.Research limitations/implicationsThis study has few limitations. First, the empirical analysis of the study is restricted to macroeconomic factors only because of limited Household Finance Survey data set and time availability. Second, the study is limited to developing countries and the results cannot be generalized.Practical implicationsFinancial inclusion is a significant policy tool for poverty reduction. There is the need to enhance strategies that further improve financial inclusion by expanding and improving the use of mobile money accounts.Social implicationsThe paper sheds light on how developing countries can harness financial inclusion to reduce poverty.Originality/valueThe paper differs from the previous studies in two ways. Firstly, mobile money account is included in the computation of financial inclusion index over the sample period. It also determines the impact of financial inclusion on poverty for short-run and long-run periods.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2021-0690

Financial inclusion choices in post-conflict and fragile states of Africa: The case of Burundi

Financial inclusion has become an important goal of the global development agenda, particularly for post-conflict and fragile states. Enhancing financial inclusion is vital for a country like Burundi which aims to achieve inclusive growth in its attempt to break free of its fragility. However, the adoption of instruments of financial inclusion such as bank account, microfinance account and mobile money account is low due to weak institutional capacity leading to high-risk exposure and a greater risk of economic instability. This study examines the factors that influence the adoption of these instruments of financial inclusion using the Multivariate Probit and Poisson regression models. The results show that there is a significant correlation between the instruments of financial inclusion, signifying that the adoption of these instruments is interrelated. The analysis also reveals that, factors such as receipt of government transfers, receipt of remittances, education, membership of a social network, access to electricity, employment status, and area of residence influence both the probability and intensity/extent of adoption of the instruments of financial inclusion. By implication, policymakers should enhance access to electricity, formalise employment and strengthen social networks to improve the adoption of financial inclusion instruments.

Assets power solar and battery uptake in Kenya

Solar and battery adoption for households offers many benefits that motivate increased understanding of what drives investment. This paper uses microdata from a household survey in Kenya to investigate factors explaining investment in solar home systems, solar lighting systems, solar lanterns, and solar batteries. Key findings highlight the importance of assets for each investment type. Households are more likely to have a solar home system when they have bank or mobile money accounts, and when they own land with large values. Households are less likely to adopt solar systems when they are unable to afford grid connection, compared to households who are far away from electricity grids. Interaction analysis reveals that off-grid households without a mobile money account in key disadvantaged counties have lower solar home system adoption. A key policy implication is that support could be targeted to households with low levels of assets, in addition to existing support for suppliers.

Pengaruh Pemanfaatan Dana Desa Terhadap Pembangunan Infrastruktur di Desa Lubuk Terap Kecamatan Bandar Petalangan Kabupaten Pelalawan

The purpose of this research is to examine how the residents of Lubuk Terap, located in the Bandar Petalangan District of Pelalawan Regency, have used village funds to improve the village's infrastructure. Primary information was used for this study. Both quantitative and qualitative approaches were used to analyze the data in this study. Lubuk Terap is located in the Bandar Petalangan District of the Pelalawan Regency in Indonesia, and the analysis reveals that the village's simultaneous use of village funds has a significant impact on infrastructure development in the village. The R2 value, which represents the proportion of variance explained by the model, is 0.265, or 26.5%. This means that adjustments to how the village spends its money account for 26.5% of the observed changes in the development infrastructure of Lubuk Terap. Lubuk Terap village's development infrastructure has changed due to a combination of factors, only 26.5% of which are accounted for by the variables used in this analysis.

The Relationship Between Mobile Money Services and Small and Medium-Sized Enterprise Growth in Bamenda, Cameroon: A Probit Model Approach

ABSTRACT The main objective of this article is to determine the relationship between mobile money services and the growth of small and medium enterprises (SMEs). A sample of 50 SMEs was collected. The probit model was used to estimate the result. The study established that mobile money services have a positive and significant relationship with the growth of SMEs. The determinants of mobile money services observed are; experience in business management, frequency of bill payment, size of business, male entrepreneur, operation of mobile money account, frequency of purchasing airtime, distance to financial institutions, number of business branches, mobile money accounts held, secondary education, technical support, location of business, number of workers and size of capital transaction. The challenges faced by entrepreneurs in mobile money transactions observed are: wrong manipulation of account, delays, environmental complexities, and loss of money due to hawkers. The result suggests that SMEs should intensify the use of mobile money services in their daily business transactions. It is a wise step toward business expansion. Entrepreneurs of SMEs should take advantage of the drivers of mobile money services to encourage the diverse use of digital technologists. Finally, entrepreneurs should avoid risky manipulations of their mobile money gargets.