Akande J O, Hosu Y S, Kabiti H, Ndhleve S, Garidzirai R
Department of Accounting, Walter Sisulu University, Mthatha, South Africa.
Department of Economics and Business, Walter Sisulu University, Mthatha, South Africa.
Heliyon. 2023 May 19;9(6):e16330. doi: 10.1016/j.heliyon.2023.e16330. eCollection 2023 Jun.
Finance and growth underpin the debate on the implication of financial literacy and financial inclusion for development among scholars. While financial inclusion and financial literacy are positioned as enablers of sustainable development, literature has failed to link the two with sustainable development, especially for rural agrarian dwellers in dire need of financial development attributes. Therefore, this study applied variance-based structural equation modelling to examine the implication of financial literacy and financial inclusion for the sustainable livelihood of rural agrarian settlers in the Eastern Cape province of South Africa. Global scales were adapted and validated before administering them to 283 farmers and subsistence businesses in the region. The results revealed that financial literacy positively and significantly influences financial inclusion (β = 0.452) and the attainment of sustainable livelihood (β = 0.444). Financial inclusion partially mediates the influence of financial literacy on sustainable livelihood (β = 0.253), as it directly explains the province's sustainable livelihood (β = 0.114). The study's implication informs structured intervention for improving financial literacy to assist the target group with access to requisite funding, which could support their economic activities for a decent living.
金融与增长是学者们关于金融知识和金融包容性对发展的影响这一辩论的基础。虽然金融包容性和金融知识被视为可持续发展的推动因素，但文献未能将两者与可持续发展联系起来，特别是对于迫切需要金融发展属性的农村农业居民而言。因此，本研究应用基于方差的结构方程模型，来检验金融知识和金融包容性对南非东开普省农村农业定居者可持续生计的影响。在将全球量表应用于该地区的283名农民和自给自足企业之前，对其进行了调整和验证。结果显示，金融知识对金融包容性（β = 0.452）和可持续生计的实现（β = 0.444）具有积极且显著的影响。金融包容性部分中介了金融知识对可持续生计的影响（β = 0.253），因为它直接解释了该省的可持续生计（β = 0.114）。该研究的意义在于为改善金融知识的结构化干预提供依据，以帮助目标群体获得必要的资金，这可以支持他们的经济活动以过上体面的生活。
