Mobile money innovation and global value chain participation: Evidence from developing countries

Folorunsho Ajide, Rilwan Sakariyahu, Rodiat Lawal, Oyebola Fatima Etudaiye-Muhtar and Sofia Johan

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: This study provides empirical insights on the effect of mobile money innovation on global value chain participation. Applying quantile estimation technique on the data of 90 developing economies between 2011 and 2018, we document that mobile money innovation has significant positive effect on participation in global value chains. Furthermore, our results reveal that economic and governance factors such as financial development, human capital development, tariff and distance are crucial variables that influence participation in global value chain. We recommend that friendly trade policies and investment in socioeconomic infrastructures and human capital development would help in facilitating the wide-spread adoption of mobile money innovations and enhance GVC participation.

Keywords: Global value chains; Mobile money innovation; Developing countries (search for similar items in EconPapers)
JEL-codes: E41 F18 F23 G24 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010668

DOI: 10.1016/j.frl.2023.104694

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