Investigating the relationship between financial inclusion and financial health in South Africa
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | Investigating the relationship between financial inclusion and financial health in South Africa | |
| Creator | Ndaba, Njabulo Sheefeni, Johannes Yu, Derek | |
| Description | Orientation: Financial inclusion (FI) and financial health (FH) are important for the country’s economic development, particularly upliftment of people from the lowerend of income distribution.Research purpose: The study investigated the relationship between FI and FH in South Africa using FinScope data for 2011 and 2016.Motivation for the study: Whilst there has been an emergence of South African studies on FI, there is a lack of research on FH and its relationship with FI.Research approach/design and method: FI index and FH index were derived. The study estimates three regressions, the first in which FI is a dependent variable regressed on determinants, the second in which FH is the dependent variable regressed on FI and other determinants, and the third is a bivariate probit regression in which FI and FH are modelled co-jointly.Main Findings: The proportion of people who were both financially included and enjoyed good FH increased from 45% to 57%. These people were middle-aged white men employed with post-secondary education. The econometric findings also suggested a significantly positive correlation between FI and FH.Practical/managerial implications: These findings provide valuable information on the design of FI and FH initiatives that specifically focus on the needs of the under-privileged and assist in understanding and making informed decisions on the implementation and provision of appropriate FI and FH measures to targeted individuals.Contribution/value-addition: This is the first South African study that examined both FI and FH with FinScope data. | |
| Publisher | AOSIS | |
| Date | 2022-05-17 | |
| Identifier | 10.4102/jef.v15i1.714 | |
| Source | Journal of Economic and Financial Sciences; Vol 15, No 1 (2022); 16 pages 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/714/1413
https://jefjournal.org.za/index.php/jef/article/view/714/1414
https://jefjournal.org.za/index.php/jef/article/view/714/1415
https://jefjournal.org.za/index.php/jef/article/view/714/1416
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