Effects of institutional environment and technology development on payment choice

  1. Francisco J. Callado-Muñoz 1
  2. Jana Hromcová 2
  3. Natalia Utrero-González 1
  1. 1 Centro Universitario de la Defensa de Zaragoza
  2. 2 Universitat Autònoma de Barcelona
    info

    Universitat Autònoma de Barcelona

    Barcelona, España

    ROR https://ror.org/052g8jq94

Zeitschrift:
Working papers (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)

Datum der Publikation: 2014

Nummer: 3

Art: Arbeitsdokument

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Zusammenfassung

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.

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