| Title |
Assessment of the financial technologies influence on county’s competitiveness / |
| Authors |
Danilevičienė, Irena ; Sakalauskas, Mantas ; Okunevičiūtė Neverauskienė, Laima |
| DOI |
10.46609/IJSSER.2021.v06i01.015 |
| Full Text |
|
| Is Part of |
International journal of social science and economic research.. Madhya Pradesh : IJSSER. 2021, vol. 6, iss. 1, p. 220-236.. ISSN 2455-8834 |
| Keywords [eng] |
FinTech ; financial technologies ; competitiveness ; GDP ; unemployment,exports ; productivity ; income inequality ; wage |
| Abstract [eng] |
While the FinTech sector is expanding rapidly and making up a larger share of the whole finance sector, and Lithuania taking measures in order to attract more FinTech companies, the need to determine the dependency between FinTech and a country’s competitiveness arises. The purpose of this article is to evaluate FinTech influence on a country’s competitiveness. Theoretical part of the article defined FinTech and competitiveness as terms. FinTech ecosystem and classification of firms were also analysed. Six macroeconomical indicators that could possibly influence a country’s competitiveness were distinguished. Furthermore using the correlation-regression analysis method, FinTech influence on the six macroeconomical indicators, that are expressed quantitatively and define a country’s competitiveness, was determined. According to the results of the research, FinTech influences four of the six selected macroeconomical indicators, these indicators are – GDP, average annual wage, unemploymentand exports. |
| Published |
Madhya Pradesh : IJSSER |
| Type |
Journal article |
| Language |
English |
| Publication date |
2021 |
| CC license |
|
