Scholarlink

<p>This study investigates how institutional quality moderates the relationship between fintech adoption and financial inclusion across 32 emerging economies from 2017 to 2023. Using a novel dataset combining Global Findex data, IMF financial access indicators, and World Bank governance metrics, we employ panel data techniques with instrumental variables to address endogeneity concerns. Our findings reveal that fintech adoption significantly enhances financial inclusion, but this effect is strongly conditioned by institutional quality. Countries with stronger regulatory frameworks, rule of law, and political stability experience 2.4 times greater financial inclusion benefits from similar levels of fintech penetration. We identify three critical institutional mechanisms that facilitate fintech’s impact: regulatory adaptability, contract enforcement, and corruption control. These results have important implications for policymakers seeking to leverage financial technology to expand access to financial services while highlighting the necessity of concurrent institutional reforms.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Fintech adoption and financial inclusion in emerging economies: the moderating role of institutional quality

  • 期刊论文

  • 发表日期：

    2025年10月15日

查看全文
  • Kais Ben Mbarek

摘要

This study investigates how institutional quality moderates the relationship between fintech adoption and financial inclusion across 32 emerging economies from 2017 to 2023. Using a novel dataset combining Global Findex data, IMF financial access indicators, and World Bank governance metrics, we employ panel data techniques with instrumental variables to address endogeneity concerns. Our findings reveal that fintech adoption significantly enhances financial inclusion, but this effect is strongly conditioned by institutional quality. Countries with stronger regulatory frameworks, rule of law, and political stability experience 2.4 times greater financial inclusion benefits from similar levels of fintech penetration. We identify three critical institutional mechanisms that facilitate fintech’s impact: regulatory adaptability, contract enforcement, and corruption control. These results have important implications for policymakers seeking to leverage financial technology to expand access to financial services while highlighting the necessity of concurrent institutional reforms.