Agric. Econ. - Czech, 2013, 59(1):29-37 | DOI: 10.17221/9/2012-AGRICECON

Knowledge and financial skills as the factors determining the financial exclusion process of rural dwellers in PolandOriginal Paper

Elena HORSKÁ1, Monika SZAFRAŃSKA2, Renata MATYSIK-PEJAS2
1 Slovak University of Agriculture in Nitra, Nitra, Slovak Republic
2 University of Agriculture in Krakow, Kraków, Poland

The aim of the article is determining the level of knowledge and financial skills of rural dwellers on an example of one of the European Union member states (Poland), as the factors which play a crucial role in the process of limiting the phenomenon of financial exclusion. The main source of data used for the analysis was the information gathered through the author's own studies conducted on a group of 1000 randomly chosen people. Statistical analysis of the researched material comprised the summary statistical measurements, the non-parametric χ2 test and the cluster analysis (k-means clustering). As results from the conducted analysis, the inhabitants of rural areas in Poland are characterized by the average level of knowledge and financial skills. The level of financial competences represented by rural dwellers is conditioned both by the economic and non-economic factors. Three groups of citizens were distinguished on the basis of the conducted investigations. The group which requires special educational measures comprises of women, elderly and less educated persons, households with lower incomes, families of annuitants and old-age pensioners, but also persons using financial tools in a lower degree, not using banking services or living in the areas with a worse access to the banking infrastructure.

Keywords: financial exclusion, financial inclusion, rural household

Published: January 31, 2013  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
HORSKÁ E, SZAFRAŃSKA M, MATYSIK-PEJAS R. Knowledge and financial skills as the factors determining the financial exclusion process of rural dwellers in Poland. Agric. Econ. - Czech. 2013;59(1):29-37. doi: 10.17221/9/2012-AGRICECON.
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Badach E., Jaczewska L. (2005): Studies on land conveyance on private farms under diversified natural and economic conditions in the malopolskie province. In: Spoločne v Európe, spoločne pre Europu: Conference papers, Mlada veda CD, SPU, Nitra, pp. 60-65; ISBN 80-8069-456-7.
    2. Calgano R., Monticione Ch. (2011): Financial Literacy and the Demand for Financial Advice. CeRP, Working Paper 117/11: 1-53. Available at http://cerp.unito.it (accessed January 2012). Go to original source...
    3. Cross-border sales and consumer protection. Flash EB. Analytical Report (2010). Brussels, Belgium. Available at http://ec.europa.eu (accessed January 2012).
    4. Czapiński J., Panek T. (ed.) (2011): Social Diagnosis 2011. Rada Monitoringu Społecznego, Warszawa. Available at www.diagnoza.com (accessed January 2012).
    5. Deirdre E. (2007): Can't afford to leave, can't afford to stay: Financial Inclusion and Capability in Rural Scotland. Scottish council Foundation, Edinburgh. Available at www.oecd.org (accessed January 2012).
    6. Financial Services Provision and Preventention of Financial Exclusion (2010). DG Employment Social Affairs and Equal Opportunities. Available at http://sdw.ecb. europa.eu (accessed October 2011).
    7. Gniewek J., Krasnodębski A. (2000): Elements of bank marketing. In: Zarządzanie i marketing w agrobiznesie wobec integracji z Unią Europejską. Praca zbiorowa. Wyd. Czuwajmy, Kraków, pp. 233-244; ISBN 83-8678345-1.
    8. Gniewek J., Krasnodębski A. (2004): Development of credit portfolio quality in cooperative banks in Poland in 1999-2002. In: Faktory podnikovej uspesnosti 2003: Zborník vedeckých prác, CD. Liptovsky Jan, 4-5.12.2003, SPU Nitra, pp. 108-111; ISBN 80-8069434-6.
    9. Mitton L. (2008): Financial Inclusion in the UK: Review of policy and practice. Joseph Rowntree Foundation, York. Available at www.jrf.org.uk (accessed January 2012).
    10. Monticone C. (2009): How much does wealth matter for financial literacy acquisition? Available at www.networksfinancialinstitute.org (accessed June 2011).
    11. Poles' state of art on finances - a report of quantitative examination (2009). Kronenberg Foundation. Available at www.citibank.com (accessed January 2012).
    12. Poverty and Social Exclusion: Report. Special Eurobarometer 355 (2010). Brussels, Belgium. Available at http://ec.europa.eu (accessed January 2012).
    13. Sinclair S., McHardy F., Dobbie L., Linsay K., Gillespie M. (2009): Understanding Financial Inclusion. Hobbs the Printers Ltd, Pixham End; ISBN 978-1-906249-52-6.
    14. Solarz M. (2011): Selective remedial activities performer by the government in preventing financial exclusion. Research Papers of Wroclaw University of Economics, 167: 411-422.
    15. Tej J. (2011): Management of the revenue base of municipalities in times of crisis. Journal of Management and Business: Research and Practice, 3: 105-116.

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content