Effects of Institutional Environment and Technology Development on Payment Choice

Francisco Callado-Muñoz, Jana Hromcová and Natalia Utrero-González

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

Abstract: The purpose of this paper is to analyze the combination of institutional factors and technology advances as determinants of payment systems choice. The theoretical set up suggests that countries entering into a new institutional environment approach accepting group attitudes towards payment choices as a consequence of institutional pressure and technology development. We apply the results of the model to 2004 European Union enlargement process. Results confirm the relevance of both institutional environment and technology development in retail payment system decisions of newly acceded countries.

Keywords: Technology; Institutions; European Integration; Payment (search for similar items in EconPapers)
JEL-codes: E42 E51 G21 O52 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:uab:wprdea:wpdea1403

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