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Pareto superior dimension of rotating savings and credit associations (ROSCAs) in Ghana: Evidence from Asunafo North Municipality of Ghana

Journal of Economics Library

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Title Pareto superior dimension of rotating savings and credit associations (ROSCAs) in Ghana: Evidence from Asunafo North Municipality of Ghana
 
Creator AMANKWAH, Ernest
GOCKEL, Fritz Augustine
OSEI-ASSIBEY, Eric
NUBUOR, Alice
 
Subject Pareto Superiority; Rotating Savings and Credit Association.
B26; D53; E44; G10; G34.
 
Description Abstract. This study investigates characteristics of Rotating savings and credit associations (ROSCAs) participants who join the association due to its Pareto superior allocation in Ghana. Some scholars like Dejene and Van den Brink have hypothesized that people join ROSCAs because of its Pareto superior allocation. The study employed primary data analysis in achieving its main objective.  Out of the 400 ROSCA participants sampled for the study from Asunafo North Municipality of Ghana, 71.75% joined the association because of its Pareto superior allocation. A Probit model was used to predict the probability of joining the association due to its superior allocation. The dependent variable took the value of one when respondents join the association due to its superior allocation and zero if otherwise. Married participants, participants with no or low level of education, participants who are unemployed and participants who save more of their income are more likely to join ROSCA due to its Pareto superior allocation. It was recommended that that ROSCA participants who have access (participants living in urban sectors) to formal financial institutions, participants who have accounts at formal financial institutions, participants who are rich and aged participants should be educated on how ROSCA constitutes its Pareto superior allocation.Keywords. Pareto Superiority, Rotating Savings and Credit Association.JEL. B26, D53, E44, G10, G34.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2019-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/1950
10.1453/jel.v6i4.1950
 
Source Journal of Economics Library; Vol 6, No 4 (2019): December; 287-309
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/1950/2010
 
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