The impact of mobile money adoption on firm innovation

Francis Osei-Tutu and Daniel Taylor

Economics Letters, 2024, vol. 244, issue C

Abstract: Using firm-level survey data for 16 Sub-Saharan African countries, we find evidence that mobile money adoption increases firms’ innovation. Further analysis shows that mobile money fosters innovation by improving firms’ liquidity through greater access to trade credit and bank loans. Our findings suggest that policy measures to stimulate innovation in developing countries could focus on incentivizing firms to adopt mobile money.

Keywords: Innovation; Mobile money; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: G21 G30 O31 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004907

DOI: 10.1016/j.econlet.2024.112006

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