Mobile Money: an instrument of Financial Development to reduce violent conflicts?
Résumé
Mobile money has become an important financial tool in many developing countries
where access to traditional banking services is limited. Its introduction has helped
to reduce poverty, unemployment and inequality, and has increased remittances, thus
helping to mitigate conflict factors in developing countries.This article uses a conceptual
framework based on capability approach and the impact analysis method called Entropy
Balancing to examine the optimistic impact of mobile money adoption on armed conflict
in 103 developing countries over the period 2000-2020. The results show that mobile
money significantly reduces armed conflict by about 1.79 percentage points. The results
are robust to several robustness tests, including alternative specifications and methods.
Heterogeneity analysis shows that the effect may vary by type of mobile money, level of
development, duration of conflict, financial development, and geographic area.Finally,
income, unemployment, inequality and consumption volatility are the main channels
through which mobile money can reduce violent conflicts.
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