Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244196 
Year of Publication: 
2021
Series/Report no.: 
AGDI Working Paper No. WP/21/021
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study investigates how the rule of law (i.e. law) modulates demand- and supply-side drivers of mobile money to influence mobile money innovations (i.e. mobile money accounts, the mobile phone used to send money and the mobile phone used to receive money) in developing countries. The following findings from Tobit regressions are established. First, from the demand-side linkages, law modulates: (i) bank accounts and automated teller machine (ATM) penetration for negative interactive relationships with mobile money innovations and (ii) bank sector concentration for a positive interactive relationship with mobile money accounts. Second, from supply-side linkages, law interacts with: (i) mobile subscriptions for a negative relationship with the mobile phone used to send money; (ii) mobile connectivity coverage for a negative nexus on the mobile phone used to receive money and (iii) mobile connectivity performance for a negative influence on the mobile phone used to send/receive money. Policy implications are discussed in the light of enhancing the rule of law as well as improving mobile phone subscription, connectivity and performance dynamics.
Subjects: 
Mobile money
technology diffusion
financial inclusion
inclusive innovation
JEL: 
D10
D14
D31
D60
O30
Document Type: 
Working Paper

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