Assessment of the financial technologies influence on county’s competitiveness

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Assessment of the financial technologies influence on county’s competitiveness
In the Journal:
Summary / Abstract:

ENWhile 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. Keywords: FinTech, financial technologies, competitiveness, GDP, unemployment, exports, productivity, income inequality, wage. [From the publication]

DOI:
10.46609/IJSSER.2021.v06i01.015
ISSN:
2455-8834
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https://www.lituanistika.lt/content/105570
Updated:
2023-12-19 19:21:46
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