Akademik Veri Yönetim Sistemi
Borsa Istanbul Review, cilt.25, ss.38-44, 2025 (SSCI, Scopus)
This study investigates the macrolevel determinants of financial literacy across 143 countries using data from the 2014 S&P Global Financial Literacy Survey, complemented by indicators from the World Bank and Worldwide Governance Indicators. The empirical strategy employs multiple linear regression (OLS) with robust standard errors, supported by diagnostic tests, a generalized linear model (GLM) as an alternative specification, and quantile regression to capture distributional heterogeneity. The findings indicate that higher GDP per capita, greater educational attainment, broader internet access, and higher regulatory quality are significantly correlated with increased financial literacy, whereas inflation exhibits a negative relationship. Quantile regression results show that these effects are more pronounced in countries with lower baseline literacy levels, underscoring the disproportionate benefits of structural improvements in economically and educationally disadvantaged settings. These results highlight the importance of investing in education, digital infrastructure, and institutional quality as strategic levers to enhance financial capability at the national level.