The Emergence of the Global Fintech Market: Economic and Technological Determinants
Christian Haddad and
No 2016-10, Research Papers in Economics from University of Trier, Department of Economics
We investigate the economic and technological determinants inducing entrepreneurs to establish ventures with the purpose of reinventing financial technology (fintech). We find that countries witness more fintech startup formations when the latest technology is readily available, capital markets are well-developed, and people have more mobile telephone subscriptions. Furthermore, the available labor force has a positive impact on the development of this new market segment. Finally, the more sound the financial system, the lower the number of fintech startups in a country. Overall, the evidence suggests that fintech startup formation need not be left to chance, but active policies can influence the emergence of this new sector.
Keywords: Fintech; Entrepreneurship; Startups; Financial institutions (search for similar items in EconPapers)
JEL-codes: L26 K2 O3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://www.uni-trier.de/fileadmin/fb4/prof/VWL/EWF/Research_Papers/2016-10.pdf First version, 2016 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:trr:wpaper:201610
Access Statistics for this paper
More papers in Research Papers in Economics from University of Trier, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Matthias Neuenkirch ().