The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries

From the beginning of the 21. century, the whole world has witnessed huge changes because of technological improvements and revolutionary inventions. It can be inferred that technological developments affect mankind in terms of many aspects like cultural, psychological, social etc. and these impacts...

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Main Authors: Aydın Gürbüz, Meltem Kılıç, Emre Tatlıyer
Format: Article
Language:English
Published: Istanbul University Press 2024-09-01
Series:Istanbul Business Research
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Online Access:https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B8C7E97EF9D64D3CA36AB2A109BC16A7
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author Aydın Gürbüz
Meltem Kılıç
Emre Tatlıyer
author_facet Aydın Gürbüz
Meltem Kılıç
Emre Tatlıyer
author_sort Aydın Gürbüz
collection DOAJ
description From the beginning of the 21. century, the whole world has witnessed huge changes because of technological improvements and revolutionary inventions. It can be inferred that technological developments affect mankind in terms of many aspects like cultural, psychological, social etc. and these impacts reflect on our lives much more immediately than in past times. One of these impacts can be observed in economic and financial platforms. Financial technology has recently attracted great interest. The cause of this situation may be said to be Fintech becoming a global phenomenon. Therefore, many researchers have tended to investigate the impact of technological improvements on economic growth. This study attempts to evaluate the impact of financial technological improvements on economic growth between 2000 and 2020 for Turkic and selected Asian countries. In obtaining results, panel data analysis has been used. The results indicate that internet usage rates and fixed broadband subscriptions have positive impacts on economic growth. However, mobile cellular subscriptions do not have any impact on economic growth. According to the findings, information-communication technologies and other macroeconomic factors positively affect economic growth.
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issn 2630-5488
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spelling doaj-art-9b4932aa446f47efb990b156ade4e47d2025-08-20T03:11:29ZengIstanbul University PressIstanbul Business Research2630-54882024-09-0153222924810.26650/ibr.2024.53.1299620123456The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian CountriesAydın Gürbüz0https://orcid.org/0000-0002-2428-2327Meltem Kılıç1https://orcid.org/0000-0002-6976-272XEmre Tatlıyer2https://orcid.org/0000-0001-6863-2520Kahramanmaraş Sütçü İmam Üniversitesi, Kahramanmaras, TurkiyeKahramanmaraş Sütçü İmam Üniversitesi, Kahramanmaras, TurkiyeHatay Mustafa Kemal Üniversitesi, Hatay, TurkiyeFrom the beginning of the 21. century, the whole world has witnessed huge changes because of technological improvements and revolutionary inventions. It can be inferred that technological developments affect mankind in terms of many aspects like cultural, psychological, social etc. and these impacts reflect on our lives much more immediately than in past times. One of these impacts can be observed in economic and financial platforms. Financial technology has recently attracted great interest. The cause of this situation may be said to be Fintech becoming a global phenomenon. Therefore, many researchers have tended to investigate the impact of technological improvements on economic growth. This study attempts to evaluate the impact of financial technological improvements on economic growth between 2000 and 2020 for Turkic and selected Asian countries. In obtaining results, panel data analysis has been used. The results indicate that internet usage rates and fixed broadband subscriptions have positive impacts on economic growth. However, mobile cellular subscriptions do not have any impact on economic growth. According to the findings, information-communication technologies and other macroeconomic factors positively affect economic growth.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B8C7E97EF9D64D3CA36AB2A109BC16A7turkic countries and selected asian countriespanel data analysisfintecheconomic growthcommunication technologies
spellingShingle Aydın Gürbüz
Meltem Kılıç
Emre Tatlıyer
The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
Istanbul Business Research
turkic countries and selected asian countries
panel data analysis
fintech
economic growth
communication technologies
title The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
title_full The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
title_fullStr The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
title_full_unstemmed The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
title_short The Impact of Fintech on Economic Growth: Evidence from Panels of Turkic and Southeast Asian Countries
title_sort impact of fintech on economic growth evidence from panels of turkic and southeast asian countries
topic turkic countries and selected asian countries
panel data analysis
fintech
economic growth
communication technologies
url https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/B8C7E97EF9D64D3CA36AB2A109BC16A7
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