@workingpaper{Asongu2015bl,
title = {Conditional Determinants of Mobile Phones Penetration and Mobile Banking in SubSaharan Africa},
author = {Simplice A Asongu},
editor = {African 2015 Governance and Development Institute WP/15/043},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Conditional-Determinants-of-Mobile-Phones-Penetration-and-Mobile-Banking.pdf},
year = {2015},
date = {2015-10-01},
abstract = {Using twenty-five policy variables, we investigate determinants of mobile phone/banking in
49 Sub-Saharan African countries with data for the year 2011. The determinants are classified
into six policy categories, notably: macroeconomic, business/bank, market-related, knowledge
economy, external flows and human development. The empirical evidence is based on
contemporary and non-contemporary Quantile regressions. The following implications are
relevant to the findings. First, mobile phone penetration is positively correlated with: (i)
education, domestic savings, regulation quality and patent applications, especially at low
initial levels of mobile penetration; (ii) bank density; (iii) urban population density and (iv)
internet penetration. Second, the use of the mobile to pay bills is positively linked with: (i)
trade and internet penetration, especially in contemporary specifications and (ii) remittances
and patent applications, especially at low initial levels of the dependent variable. Third, using
the mobile to send/receive money is positively correlated with: internet penetration and
human development, especially in the contemporary specifications. Fourth, mobile banking is
positively linked with: (i) trade in contemporary specifications; (ii) remittances and patent
applications at low initial levels of the dependent variable and (iii) internet penetration and
human development, with contemporary threshold evidence. The policy implications are
articulated with incremental policy syndromes.},
keywords = {Mobile phones; Mobile banking; Development; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}