Cashless payment and economic growth
作者机构：Economics UnitFaculty of ManagementMultimedia UniversityPersiaran Multimedia63100 CyberjayaMalaysia
出 版 物：《Financial Innovation》 (金融创新（英文）)
年 卷 期：2016年第2卷第1期
页 面：49-57页
学科分类：02[经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济]
摘 要：Background:This study examines the effect of adopting cashless payment in five European Union(EU)countries,namely,Austria,Belgium,France,Germany,and Portugal,for the period of ***:The within and between effect of adopting cheque payment,telegraphic transfer,card payment and electronic money on these EU’s economy are examined by applying the Pedroni residual cointergration and Panel Vector Error Correction Model(VECM).Results:There is short run causality running from cheque payment to telegraphic transfer and card payment,as well as causality running telegraphic transfer to card *** the long run,there is significant effect of adopting cashless payment on the economy of the five EU ***:The adoption of one type of cashless payment will affect another type of cashless payment in the short *** impact of adopting cashless payment on economic growth can only be significantly observed in the long ***,any policy that promotes cashless payment will not affect the economy immediately.
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