Openness and Technology Diffusion in Payment Systems: The Case of NAFTA

Francisco Callado (), Jana Hromcová and Natalia Utrero-González
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Francisco Callado: Departament d'Economia i Empresa, Universitat de Girona

Working Papers from Department of Applied Economics at Universitat Autonoma of Barcelona

Abstract: We study the relationship between openness and payment system development. In particular, we analyze how the existence of technology diffusion from a more developed country fosters a transformation of payment choice in a less developed country. We apply our analysis to Mexico. Economic growth in Mexico was not high enough to cause a transformation of payment choice observed in the data after 2001. We argue that the switch towards electronic payments can be attributed to openness and related payment technology spillovers from the US in the context of NAFTA.

Keywords: cash; payments; openness; NAFTA (search for similar items in EconPapers)
JEL-codes: E42 F43 O33 O54 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2012-06
New Economics Papers: this item is included in nep-ipr, nep-pr~ and nep-mac
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Citations: View citations in EconPapers (1)

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Journal Article: Openness and Technology Diffusion in Payment Systems: The Case of NAFTA (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:uab:wprdea:wpdea1206

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