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Effects of Institutional Environment and Technology Development on Payment Choice

Author

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  • Francisco J. Callado-Muñoz

    (Centro Universitario de la Defensa de Zaragoza, Academia General Militar)

  • Jana Hromcová

    (Departament d'Economia Aplicada, Universitat Autonoma de Barcelona.)

  • Natalia Utrero-González

    (Centro Universitario de la Defensa de Zaragoza, Academia General Militar.)

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.

Suggested Citation

  • Francisco J. Callado-Muñoz & Jana Hromcová & Natalia Utrero-González, 2014. "Effects of Institutional Environment and Technology Development on Payment Choice," Working Papers wpdea1403, Department of Applied Economics at Universitat Autonoma of Barcelona.
    • Handle: RePEc:uab:wprdea:wpdea1403
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    References listed on IDEAS

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    Cited by:

    1. Natalia Utrero-González & Jana Hromcová & Francisco J. Callado-Muñoz, 2019. "Defence Spending, Institutional Environment and Economic Growth: Case of NATO," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(5), pages 525-548, July.

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    More about this item

    Keywords

    Technology; Institutions; European Integration; Payment;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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