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The non-linear relationship between financial access and domestic savings: the case of emerging markets

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cris.virtualsource.department4ed49328-0a3d-46c7-8f07-07c8223e8e60
cris.virtualsource.orcid4ed49328-0a3d-46c7-8f07-07c8223e8e60
dc.contributor.affiliationRutgers University System; Rutgers University New Brunswick; Egyptian Knowledge Bank (EKB); Helwan University; Turk Hava Kurumu University
dc.contributor.authorEmara, Noha; Kasa, Hicran
dc.contributor.authorKasa, Hicran
dc.date.accessioned2024-06-25T11:45:37Z
dc.date.available2024-06-25T11:45:37Z
dc.date.issued2021
dc.description.abstractThis paper examines the impact of financial access on the accumulation of domestic savings in emerging markets (EMs) covering countries from Latin America, Europe, Middle East, and Africa (EMEA), and Asia as classified by the Morgan Stanley Capital International (MSCI) index. We use the System Generalized Method of Moments panel estimation methodology on annual data spanning the period 1980-2018. Principal component analysis allows us to create a financial access index as a linear combination of two variables measured per 100,000 adults: number of bank branches per and number of ATMs.The results of the paper reveal a statistically significant nonlinear relationship between the improvement in financial access measures and the accumulation of domestic savings with a definite threshold level. More specifically, our results for the full sample indicate that improvement in financial access may initially increase the savings rateleading to an increase in savings. Nevertheless, once the financial access index reaches its threshold level further improvement in financial access tends decrease households' precautionary savings and to give rise to a decline in savings. Thus, the duality of the pattern highlights the non-linearity of financial access and domestic savings.
dc.description.doi10.1080/00036846.2020.1808174
dc.description.endpage363
dc.description.issue3
dc.description.pages19
dc.description.researchareasBusiness & Economics
dc.description.startpage345
dc.description.urihttp://dx.doi.org/10.1080/00036846.2020.1808174
dc.description.volume53
dc.description.woscategoryEconomics
dc.identifier.issn0003-6846
dc.identifier.urihttps://acikarsiv.thk.edu.tr/handle/123456789/1312
dc.language.isoEnglish
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.journalAPPLIED ECONOMICS
dc.subjectFinancial Access; domestic savings; emerging Markets; system GMM
dc.subjectSECTOR DEVELOPMENT; ECONOMIC-GROWTH; MOBILE MONEY; PANEL-DATA; DETERMINANTS; RATES; INEQUALITY; INCLUSION; COUNTRIES; SYSTEMS
dc.titleThe non-linear relationship between financial access and domestic savings: the case of emerging markets
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication20d6c164-35e6-471b-a90e-a001aa90f0d5
relation.isAuthorOfPublication.latestForDiscovery20d6c164-35e6-471b-a90e-a001aa90f0d5

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