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Features of the Transformation of the Regional Models of the Households’ Financial Behavior

Author

Listed:
  • Popelo Olha

    (Dr. Assoc. Prof. Chernihiv Polytechnic National University, Ukraine, 95 Shevchenko Str., Chernihiv, Ukraine)

  • Dubyna Maksym

    (Dr. Prof. Chernihiv Polytechnic National University, Ukraine, 95 Shevchenko Str., Chernihiv, Ukraine)

  • Kholiavko Nataliia

    (Dr. Assoc. Prof. Chernihiv Polytechnic National University, Ukraine, 95 Shevchenko Str., Chernihiv, Ukraine)

  • Panchenko Olena

    (PhD, Assoc. Prof. Chernihiv Polytechnic National University, Ukraine, 95 Shevchenko Str., Chernihiv, Ukraine)

  • Tarasenko Artem

    (PhD. Assoc. Prof. Chernihiv Polytechnic National University, Ukraine, 95 Shevchenko Str., Chernihiv, Ukraine)

Abstract

The article is devoted to identifying the features of the transformation of the regional models of the households’ financial behavior. An algorithm and a method for determining the level of the households’ financial behavior transformation are proposed. Based on this methodology, the authors made calculations that allowed to group the regions according to the level of the households’ financial behavior transformation. As a result, four groups of regions have been identified: with a high level of the households’ financial behavior transformation, with a level above average, with a medium and low level of the households’ financial behavior transformation. Features of each group of regions are described. The increase in the impact of digitalization on the financial behavior of households as a result of the COVID-19 pandemic has been demonstrated.

Suggested Citation

  • Popelo Olha & Dubyna Maksym & Kholiavko Nataliia & Panchenko Olena & Tarasenko Artem, 2022. "Features of the Transformation of the Regional Models of the Households’ Financial Behavior," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 44(1), pages 117-124, March.
    • Handle: RePEc:vrs:mtrbid:v:44:y:2022:i:1:p:117-124:n:11
    DOI: 10.15544/mts.2022.12
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    References listed on IDEAS

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    1. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
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    4. Dinga, Emil & Pop, Napoleon & Dimitriu, Mihail & Milea, Camelia, 2011. "Modeling the Financial Behavior of Population (I) – Conceptual Assignations," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 239-254, September.
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    More about this item

    Keywords

    digitalization; financial behavior; household; the level of the households’ financial behavior transformation; regional models of financial behavior; transformation;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • G4 - Financial Economics - - Behavioral Finance

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