Determinants of Using Formal vs Informal Financial Sector in BRICS Group

We investigate the determinants of using formal vs informal financial services to save and borrow within the BRICS countries. Our novelty is (a) we used the new 2021 individual dataset from the Global Findex database, and (b) the employed methodologies are the regression tree and the probit model thus they are robust and complement each other. Our results were as follows: (a) Individuals with primary education had a negative probability of borrowing from banks (b)Tertiary graduates do the opposite by borrowing and saving only with banks. We concluded that education level determines individuals' use of formal or informal financial sector

MoreLess

Year of publication:	2023
Authors:	Mbona, Nokulunga ; Major, Klara
Publisher:	[S.l.] : SSRN
Subject:	Informeller Finanzsektor \| Informal finance \| Finanzsektor \| Financial sector \| BRICS-Staaten \| BRICS countries

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10014254553