연구정보
[경제] Ethnic Diversity and Financial Inclusion in Post-apartheid South Africa
남아프리카공화국 국외연구자료 연구보고서 - UNU WIDER 발간일 : 2023-10-01 등록일 : 2024-01-05 원문링크
The ethnic diversity–financial inclusion
nexus remains one of the least explored topics in the literature despite global
attempts to promote cultural mixing due to its socioeconomic benefits. We
contribute to the literature by examining the link between ethnic diversity and
financial inclusion using five-wave panel data from South Africa, a country
noted for its diverse ethnic groups with unique knowledge stock.
We measure financial inclusion using a
multidimensional construct, while ethnic diversity is conceptualized using
fractionalization and polarization indexes. After addressing endogeneity using
various quasi-experimental techniques, we find that ethnic diversity increases
financial inclusion, with men and urban residents experiencing higher
beneficial impacts of ethnic diversity.
Further analysis reveals that increased
employment opportunities and social group membership serve as potential
pathways via which ethnic diversity increases financial inclusion. Carefully
designed policies aimed at promoting ethnic diversity will go a long way to
boosting financial inclusion.
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