Using no mobile money service (base category) | ||||||
---|---|---|---|---|---|---|
WAEMU countries | East African countries | |||||
Financial inclusion variables | One mobile money service | Two mobile money services | All three mobile money services | One mobile money service | Two mobile money services | All three mobile money services |
RRR (95 % CI) | RRR (95 % CI) | RRR (95 % CI) | RRR (95 % CI) | RRR (95 % CI) | RRR (95 % CI) | |
Explanatory variables | Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
Female | 0.8495** (0.7221–0.9994) | 0.7823** (0.6372–0.9602) | 0.4312*** (0.2756–0.6743) | 0.8094*** (0.6960–0.9412) | 0.6692*** (0.5641–0.7939) | 0.6944*** (0.5565–0.8663) |
Age | 1.0085 (0.9824–1.0351) | 1.0721*** (1.0324–1.1132) | 1.0973** (1.0108–1.1910) | 1.0288** (1.0057–1.0523) | 1.0501*** (1.0193–1.0818) | 1.0665*** (1.0201–1.1150) |
Age squared | 0.9998 (0.9995–1.0001) | 0.9991*** (0.9986–0.9995) | 0.9987** (0.9976–0.9997) | 0.9996*** (0.9993–0.9998) | 0.9992*** (0.9988–0.9995) | 0.9990*** (0.9984–0.9995) |
Primary education | 0.3712*** (0.2328–0.5916) | 0.2135*** (0.1292–0.3524) | 0.0661*** (0.0315–0.1382) | 0.3871*** (0.2411–0.6213) | 0.2587*** (0.1524–0.4387) | 0.0801*** (0.0453–0.1415) |
Secondary education | 0.6843 (0.4338–1.0795) | 0.5077*** (0.3136–0.8218) | 0.2208*** (0.1149–0.4239) | 0.6357** (0.4043–0.9997) | 0.6232*(0.3766–1.0311) | 0.3039***(0.1812–0.5093) |
Income : poorest 20 % | 0.8484 (0.6552–1.0984) | 0.3994***(0.2748–0.5802) | 0.6813 (0.3656–1.2695) | 0.7775**(0.6109–0.9894) | 0.3578***(0.2647–0.4835) | 0.1383***(0.0850–0.2248) |
Income : second 20 % | 0.8652 (0.6837–1.0949) | 0.5570***(0.4089–0.7586) | 0.4484**(0.2359–0.8520) | 1.0164 (0.8101–1.2753) | 0.4743***(0.3604–0.6242) | 0.3096***(0.2148–0.4462 |
Income : middle 20 % | 0.9101 (0.7200–1.1504) | 0.8233 (0.6208–1.0916) | 0.7228 (0.4195–1.2454) | 0.8190*(0.6601–1.0160) | 0.5241***(0.4097–0.6704) | 0.2652***(0.1892–0.3715) |
Income : fourth 20 % | 0.8644 (0.6975–1.0711) | 0.8755 (0.6824–1.1232) | 0.6387*(0.3921–1.0402) | 0.8076**(0.6603–0.9876) | 0.7849**(0.6317–0.9752) | 0.4496***(0.3397–0.5949) |
In workforce | 1.2385**(1.0415–1.4727) | 2.0852***(1.6484–2.6378) | 1.8439***(1.1686–2.9095) | 1.0170 (0.8552–1.2095) | 1.6716***(1.3460–2.0758) | 2.2287***(1.6282–3.0506) |
Constant | 1.3009 (0.6537–2.5886) | 0.2253***(0.0941–0.5394) | .0539***(0.0094–0.3058) | 2.4993***(1.2820–4.8724) | 1.5275 (0.6900–3.3812) | 0.8576 (0.3067–2.3972) |
Observations | 3,847 | 6,510 | ||||
LR chi2 | 745.157 | 3,858.57 | ||||
Prob > chi2 | 0.000 | 0.0000 | ||||
Pseudo R2 | 0.0824 | 0.2348 | ||||
Log likelihood | − 4,148.5069 | -6,287.4787 | ||||
Country fixed effects | Yes | Yes |