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Unobserved heterogeneity in the analysis of mobile financial services use: Evidence from the City of Yaoundé

Author

Listed:
  • Steve Douanla Meli

    (University of Yaoundé II)

  • Benjamin Fomba Kamga

    (University of Yaoundé II)

Abstract

This study analyzes the use of mobile financial services (MFS) in the city of Yaoundé. Specifically, using data collected from 1200 individuals, it identifies the factors that explain the use of the different MFS available in this city through logistic regressions. Then, an extension of these analyses is proposed by the regression of a multivariate Probit under the hypothesis of interdependence between the different uses. Finally, a control function approach is used to correct for unobserved heterogeneity in the different MFS use equations. The results reveal that socio-economic factors such as age, socio-professional status and education level, functional factors, namely perceived safety and ease of use, and extra-functional factors, namely perceived usefulness, differentially affect MFS use in Yaoundé.

Suggested Citation

  • Steve Douanla Meli & Benjamin Fomba Kamga, 2023. "Unobserved heterogeneity in the analysis of mobile financial services use: Evidence from the City of Yaoundé," Economics Bulletin, AccessEcon, vol. 43(1), pages 161-176.
    • Handle: RePEc:ebl:ecbull:eb-22-00544
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    References listed on IDEAS

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    1. Melain Modeste Senou & Wautabouna Ouattara & Denis Acclassato Houensou, 2019. "Financial inclusion dynamics in WAEMU: Was digital technology the missing piece?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 7(1), pages 1665432-166, January.
    2. Francis Menjo Baye and Dinven Djibril Sitan, 2016. "Causes and Child Health Consequences of Maternal Fertility Choices in Cameroon," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 41(4), pages 79-100, December.
    3. François Seck Fall & Luis Orozco & Al‐Mouksit Akim, 2020. "Adoption and use of mobile banking by low‐income individuals in Senegal," Review of Development Economics, Wiley Blackwell, vol. 24(2), pages 569-588, May.
    4. Bedman Narteh & Mahmoud Abdulai Mahmoud & Simon Amoh, 2017. "Customer behavioural intentions towards mobile money services adoption in Ghana," The Service Industries Journal, Taylor & Francis Journals, vol. 37(7-8), pages 426-447, June.
    5. William Jack & Tavneet Suri, 2011. "Mobile Money: The Economics of M-PESA," NBER Working Papers 16721, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Unobserved Heterogeneity; Mobile Financial Services; Use; Yaoundé;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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