How do Dimensions and Determinants Influence Economic Literacy? A Systematic Exploration and Future Research Agenda

Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 12

Abstract

This study aims to explore economic literacy using a systematic literature review (SLR) approach to identify trends, theories, determinants, and future research agendas. Economic literacy is a critical competency in addressing global challenges such as economic instability, socio-economic inequality, and digitalization. This review reveals that economic literacy is influenced by various socio-demographic factors, including age, gender, education level, income, and access to technology. Additionally, family background, financial socialization, financial behavior, and risk-taking play significant roles in shaping individuals' economic literacy. The findings indicate that theory-based approaches, including Human Capital Theory, Sociocultural Model of Education, and Behavioral Economics, provide comprehensive insights into the development of economic literacy. This study also highlights gaps in existing literature, particularly in cross-country, interdisciplinary, and digitalization integration contexts. This research offers strategic recommendations for developing more inclusive and relevant educational policies and economic literacy programs, emphasizing data-driven approaches, technology utilization, and strengthening social and cultural contexts. These findings make a significant contribution to building a more resilient and adaptive society in the face of global economic dynamics

Authors and Affiliations

Agus Baskara , Eeng Ahman , Kusnendi , Dadang Dahlan,

Keywords

Related Articles

The Influence of Satisfaction on Service Quality and Intention to Recommend Mediated by Patient Loyalty

The purpose of this study is how the role of the Hospital as one of the health service facilities has a very strategic role in efforts to accelerate the improvement of the health of the Indonesian people. This strategic...

Analysis of Factor Affecting Going Concern Audit Opinion on Manufacturing Companies Sub Sector Food and Beverage Listed on the Indonesia Stock Exchange 2015-2019

This research aims to investigate the analysis of variables influencing the audit views on food and beverage manufacturing firms listed on the Indonesia Stock Exchange in 2015-2019. The study is proxied into five variabl...

The Influence of Work Life Balance and Work Environment on Employee Performance with Job Satisfaction as a Mediation Variable at UPTD KPH North Bali

Employee performance is the appearance of an employee's work both in quantity and quality and is a measure or measure of whether an employee has carried out the duties and responsibilities given by the company as well as...

Competence, Career Development and Public Relations Performance of Sidoarjo Polresta

The purpose of this study is to analyze the competence, career development and public relations performance of the Sidoarjo Police. The approach used for this research is a qualitative approach with descriptive case stud...

Employee Resilience as Strengthening the Influence of Work Life Balance and Servant Leadership on Employee Engagement (Study at the Badung Regency Regional Research and Innovation Agency)

An imbalance between work life and personal life can often affect the level of employee involvement in their work. On the other hand, a servant leadership style that focuses on service and care for employees can also be...

Download PDF file
  • EP ID EP754133
  • DOI 10.47191/jefms/v7-i12-59
  • Views 27
  • Downloads 0

How To Cite

Agus Baskara, Eeng Ahman, Kusnendi, Dadang Dahlan, (2024). How do Dimensions and Determinants Influence Economic Literacy? A Systematic Exploration and Future Research Agenda. Journal of Economics, Finance and Management Studies, 7(12), -. https://europub.co.uk/articles/-A-754133