Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105405
Authors: 
Kostov, Philip
Arun, Thankom
Annim, Samuel
Year of Publication: 
2014
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2084-0845 [Publisher:] Vizja Press & IT [Place:] Warsaw [Volume:] 8 [Year:] 2014 [Issue:] 2 [Pages:] 191-206
Abstract: 
The Mzansi intervention is a major initiative designed to provide banking services to the unbanked South African population. This study investigates the underlying variables that define the choice of a Mzansi account from a consumer perspective. Unlike previous studies, we do not assume that demand for financial services is a given but instead that it is underlain by perceptions and attitudes. Financial attitudes and perceptions are found to exert significant effects on financial choices. In particular, aspirations and forward-looking values are instrumental in facilitating access to finance.
Subjects: 
access to finance
variable selection
adaptive LASSO
JEL: 
C52
D12
G29
Persistent Identifier of the first edition: 
Document Type: 
Article
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