Payment instruments, finance and development
By Thorsten Beck, Haki Pamuk, Ravindra Ramrattan, Burak Uras. Journal of Development Economics, 2018
317 citations recorded by the source corpus.
This paper studies the effects of a payment technology innovation (mobile money) on entrepreneurship and economic development in a quantitative dynamic general equilibrium model. In the model mobile money dominates fiat money as a medium of exchange, since it avoids the risk of theft, but comes with electronic transaction costs. We show that entrepreneurs with higher productivity and access to trade credit are more likely to adopt mobile money as a payment instrument vis-a-vis suppliers. Calibrating the stationary equilibrium of the model to match firm-level data from Kenya, we show significant quantitative implications of mobile money for entrepreneurial growth and macroeconomic development.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/747f1bd75be9b4a3a4d43b8176624c459b82c398
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Citations in the corpus
- Digital Financial Inclusion and Farmers’ Vulnerability to Poverty: Evidence from Rural China (2020, methodology): “Using SMS, it is used mainly for money transfer and cash storage, primarily through mobile network operators [8].”
- Industry 4.0 in Finance: The Impact of Artificial Intelligence (AI) on Digital Financial Inclusion (2020, unknown): “Additionally, through the use of AI intelligence, registration of accounts was achieved digitally; approximately 17 million accounts were registered in Kenya in its initial stages in 2012 while 7 million accounts were registered in Tanzania in 2016 (Van Hove and Dubus 2019; Wang and He 2020).”