Mobile money innovation and global value chain participation: Evidence from developing countries

Folorunsho M. Ajide; Rilwan Sakariyahu; Rodiat Lawal; Oyebola Fatima Etudaiye-Muhtar; Sofia Johan

doi:10.1016/j.frl.2023.104694

Mobile money innovation and global value chain participation: Evidence from developing countries

Folorunsho M. Ajide, Rilwan Sakariyahu (Lead / Corresponding author), Rodiat Lawal, Oyebola Fatima Etudaiye-Muhtar, Sofia Johan

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Abstract

This study provides empirical insights on the effect of mobile money innovation on global value chain participation. Applying quantile estimation technique on the data of 90 developing economies between 2011 and 2018, we document that mobile money innovation has significant positive effect on participation in global value chains. Furthermore, our results reveal that economic and governance factors such as financial development, human capital development, tariff and distance are crucial variables that influence participation in global value chain. We recommend that friendly trade policies and investment in socioeconomic infrastructures and human capital development would help in facilitating the wide-spread adoption of mobile money innovations and enhance GVC participation.

Original language	English
Article number	104694
Number of pages	10
Journal	Finance Research Letters
Volume	58
Issue number	Part D
Early online date	7 Nov 2023
DOIs	https://doi.org/10.1016/j.frl.2023.104694
Publication status	Published - Dec 2023

Keywords

Developing countries
Global value chains
Mobile money innovation

ASJC Scopus subject areas

Finance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.frl.2023.104694Licence: CC BY

Final published versionFinal published version, 479 KBLicence: CC BY

Cite this

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title = "Mobile money innovation and global value chain participation: Evidence from developing countries",

abstract = "This study provides empirical insights on the effect of mobile money innovation on global value chain participation. Applying quantile estimation technique on the data of 90 developing economies between 2011 and 2018, we document that mobile money innovation has significant positive effect on participation in global value chains. Furthermore, our results reveal that economic and governance factors such as financial development, human capital development, tariff and distance are crucial variables that influence participation in global value chain. We recommend that friendly trade policies and investment in socioeconomic infrastructures and human capital development would help in facilitating the wide-spread adoption of mobile money innovations and enhance GVC participation.",

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T2 - Evidence from developing countries

AU - Ajide, Folorunsho M.

AU - Sakariyahu, Rilwan

AU - Lawal, Rodiat

AU - Etudaiye-Muhtar, Oyebola Fatima

AU - Johan, Sofia

PY - 2023/12

Y1 - 2023/12

N2 - This study provides empirical insights on the effect of mobile money innovation on global value chain participation. Applying quantile estimation technique on the data of 90 developing economies between 2011 and 2018, we document that mobile money innovation has significant positive effect on participation in global value chains. Furthermore, our results reveal that economic and governance factors such as financial development, human capital development, tariff and distance are crucial variables that influence participation in global value chain. We recommend that friendly trade policies and investment in socioeconomic infrastructures and human capital development would help in facilitating the wide-spread adoption of mobile money innovations and enhance GVC participation.

AB - This study provides empirical insights on the effect of mobile money innovation on global value chain participation. Applying quantile estimation technique on the data of 90 developing economies between 2011 and 2018, we document that mobile money innovation has significant positive effect on participation in global value chains. Furthermore, our results reveal that economic and governance factors such as financial development, human capital development, tariff and distance are crucial variables that influence participation in global value chain. We recommend that friendly trade policies and investment in socioeconomic infrastructures and human capital development would help in facilitating the wide-spread adoption of mobile money innovations and enhance GVC participation.

KW - Developing countries

KW - Global value chains

KW - Mobile money innovation

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DO - 10.1016/j.frl.2023.104694

M3 - Article

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SN - 1544-6123

VL - 58

JO - Finance Research Letters

JF - Finance Research Letters

IS - Part D

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ER -

Mobile money innovation and global value chain participation: Evidence from developing countries

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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