The Influence of Financial Literacy on Youth Entrepreneurship in Developing Countries

Authors

  • Stefano Battiston University of Zurich
  • Giovanna Vicarelli University of Zurich
  • Luigi Guiso University of Zurich

DOI:

https://doi.org/10.70062/globaleconomics.v1i2.42

Keywords:

Sustainable Tourism, Economic Growth, Environmental Conservation, Southeast Asia, Eco-tourism

Abstract

This paper explores sustainable tourism practices in Southeast Asia, focusing on the interplay between economic growth and environmental conservation. The study employs a case study approach to assess the effectiveness of eco-tourism initiatives in Thailand, Indonesia, and Malaysia. Findings indicate that community-based tourism and stringent environmental regulations are key to achieving sustainability. Policy implications for government and industry stakeholders are discussed.

References

Adomako, S., & Danso , A. (2014). "Financial Literacy and Firm Performance: The Moderating Role of Financial Capital Availability and Resource Flexibility." International Journal of Managerial Finance, 10(3), 293-312.

Bruhn, M., & Zia, B. (2011). "Stimulating Entrepreneurial Practices in Youth: Evidence from Financial Literacy Training in Emerging Markets." World Bank Economic Review, 25(2), 412-432.

Chimucheka, T., & Mandipaka , F. (2015). "Challenges Faced by Youth Entrepreneurs in South Africa: Are There Solutions?" Mediterranean Journal of Social Sciences, 6(6), 37-42.

Cole, S., Sampson, T., & Zia, B. (2011). "Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets?" Journal of Finance, 66(6), 1933-1967.

Cull, R., Ehrbeck , T., & Holle , N. (2014). "Financial Inclusion and Development: Recent Impact Evidence." CGAP Briefs. Consultative Group to Assist the Poor (CGAP).

Drexler, A., Fischer, G., & Schoar , A. (2014). "Keeping it Simple: Financial Literacy and Rules of Thumb." American Economic Journal: Applied Economics, 6(2), 1-31.

Eniola , A. A., & Entebang , H. (2016). "Financial Literacy and SME Firm Performance: The Moderating Effect of Loan Accessibility." International Journal of Research Studies in Management, 5(1), 31-43.

Fatoki , O. (2014). "The Financial Literacy of Micro Entrepreneurs in South Africa." Journal of Social Sciences, 40(2), 151-158.

Kempson , E., & Collard, S. (2012). Developing Entrepreneurship: Financial Literacy Initiatives in Developing Economies. Policy Paper, OECD.

Lusardi, A., & Mitchell, O. S. (2014). "The Economic Importance of Financial Literacy: Theory and Evidence." Journal of Economic Literature, 52(1), 5-44.

Makina , D., & Walle , Y. M. (2019). "Financial Inclusion and Economic Growth: Evidence from Africa." South African Journal of Economic and Management Sciences, 22(1), 1-11.

Martins, I., & Gouveia, B. (2020). "Financial Literacy as a Path to Entrepreneurship: The Case of Youth in Emerging Markets." Emerging Markets Journal, 10(1), 33-47.

Mead, D. C., & Liedholm , C. (1998). "The Dynamics of Micro and Small Enterprises in Developing Countries." World Development, 26(1), 61-74.

Oseifuah , E. K. (2010). "Financial Literacy and Youth Entrepreneurship in South Africa." African Journal of Economic and Management Studies, 1(2), 164-182.

Xiao, J. J., & O'Neill, B. (2016). "Consumer Financial Education and Financial Capability." International Journal of Consumer Studies, 40(6), 712-721.

Downloads

Published

2024-06-30

How to Cite

Stefano Battiston, Giovanna Vicarelli, & Luigi Guiso. (2024). The Influence of Financial Literacy on Youth Entrepreneurship in Developing Countries. Global Economics: International Journal of Economic, Social and Development Sciences, 1(2), 29–34. https://doi.org/10.70062/globaleconomics.v1i2.42

Similar Articles

1 2 3 4 > >> 

You may also start an advanced similarity search for this article.