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Bank Accounts for All: How Do State Policies Matter?
Author(s) -
Girard Tyler
Publication year - 2020
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.3478
Subject(s) - ordinary least squares , state (computer science) , index (typography) , economics , intervention (counseling) , public economics , population , business , financial system , development economics , actuarial science , economic growth , econometrics , sociology , computer science , psychology , demography , algorithm , psychiatry , world wide web
This paper examines the relationship between state policies and bank account ownership in developing countries. While existing literatures broadly support a ‘market‐enabling’ approach, consisting of limited direct state intervention and proportionate regulation, statistical analyses frequently rely on problematic measurement techniques. This study adopts a novel and more comprehensive approach by using a modified index constructed from expert evaluations. Using ordinary least squares regression, the analysis suggests a positive relationship between a market‐enabling state policy framework and increased bank account ownership among the total population, but the relationship diminishes among key subpopulations: adult women, rural adults and the poorest 40 per cent of adults. © 2020 John Wiley & Sons, Ltd.