Stages Of Development Of Payment Systems : Leapfrogging Across Countries And MENA's Place In The World

Gevaudan, Clement; Lederman, Daniel

doi:10.1596/1813-9450-9104

Cited by 4 publications

(3 citation statements)

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“…Notwithstanding the region's digital paradox, lags are also evident in traditional payment systems, which rely on access to bank accounts. Gévaudan and Lederman (2020) find that Middle East and North African countries have less well-developed payment systems than countries at similar levels of income. Irrespective of the type of payment (traditional or modern), countries, on average, appear below the fitted values, underperforming relative to other countries at similar income levels.…”

Section: Digital Paymentsmentioning

confidence: 80%

“…Nonetheless, Middle East and North African countries need not be relegated to slow growth of digital payments that progresses gradually and linearly through the different stages of payments. Gévaudan and Lederman (2020) find evidence suggesting the possibility of leapfrogging from a cashbased to a digital payment system, regardless of the level of banking system development. This leapfrogging could be achieved via growth in the use of mobile money, which does not necessarily depend on access to a traditional bank account.…”

Section: Regulations For E-commercementioning

confidence: 85%

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The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs

Cusolito¹,

Gévaudan²,

Lederman³

et al. 2022

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Some rights reserved 1 2 3 4 24 23 22 21 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Digital Paymentsmentioning

confidence: 80%

Section: Regulations For E-commercementioning

confidence: 85%

The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs

Cusolito¹,

Gévaudan²,

Lederman³

et al. 2022

Self Cite

View full text Add to dashboard Cite

show abstract

“…Furthermore, Gévaudan and Lederman (2020) showed that countries can transition directly from cash to digital payments, bypassing traditional banking. The rise of mobile money facilitates this leapfrogging.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing the economic impact of mobile telecommunications in Egypt: a structural model approach

Emara,

Katz

2024

DPRG

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Purpose The purpose of this study is to use the structural model to determine the influence of mobile telecommunication on Egypt’s economic growth from 2000 to 2009. By focusing on mobile unique subscribers and mobile broadband-capable device penetration as indicators of telecommunications adoption, the authors seek to understand their overarching effects on the nation’s economic landscape. Design/methodology/approach The paper uses quarterly time-series data set over the period 2000–2019 and uses a structural econometric model based on an aggregate production function, a demand function, a supply function and an infrastructure function to detect causality and examine long-run relationships between variables. Findings The findings of the structural model reveal that both mobile unique subscribers and mobile broadband-capable device penetration significantly contributed to Egypt’s gross domestic product (GDP) growth from 2000 to 2019. Specifically, a 1% increase in mobile unique subscriber penetration and mobile broadband-capable device adoption is estimated to result in an average annual contribution to GDP growth of 0.172% and 0.016%, respectively. Research limitations/implications The scarcity of panel data is the main research limitation for comparative study with other Middle East and North African Region (MENA) countries. Research extensions would include testing the significance of complementarities such as improving governance measures and building human capacity for both households and firms, which are necessary to boost the impact of telecommunication on economic growth in the MENA region. Practical implications Based on these findings, the study puts forth policy recommendations aimed at maximizing investment in network utilization, including mobile and internet services, as well as fixed broadband subscriptions. It highlights the crucial role of these investments in promoting social and economic development, not only in Egypt but also across the MENA region as a whole. Social implications The findings of this research emphasize the importance of strategic investments in network utilization, encompassing mobile, internet services and fixed broadband subscriptions. Such investments are pivotal for fostering social and financial inclusion. The study underscores the potential of these investments to drive social and economic progress, not just within Egypt but throughout the entire MENA region. Originality/value Overall, existing literature generally supports the notion that the telecommunications sector has a positive economic impact. However, there is a gap in the literature when it comes to understanding the specific effects of the Egyptian telecommunications sector on the country’s economy, particularly in relation to the Egypt Vision 2030. The study aims to fill this gap by focusing specifically on Egypt and providing additional insights into the direct and indirect effects of the Egyptian telecommunications sector on the economy. By conducting a thorough analysis of the sector’s role, the authors aim to contribute to the existing literature by providing context-specific findings and recommendations.

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Global Outlook

2021

Global Economic Prospects, January 2021

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Stages Of Development Of Payment Systems : Leapfrogging Across Countries And MENA's Place In The World

Cited by 4 publications

References 5 publications

The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs

The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs

Assessing the economic impact of mobile telecommunications in Egypt: a structural model approach

Global Outlook

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