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Fintech boosts economic growth, and the two sectors have thrived together. This paper examined the intricate relationship between institutional quality, fintech, and economic development. Our study employs a multiple linear regression approach on panel data from 45 countries spanning 2012–2019. We also used 2SLS-IV regression to analyze the the catalyst role of institutional quality in determining the relationship between fintech inflow and economic development. Our results show that there is a significantly positive impact of fintech inflows on economic development. Moreover, the economic impact of fintech on GDP growth increases by almost four times anchored by institutional quality. This shows that institutional quality plays an anchoring role in determining the impact of fintech on economic development. Our study has important implications for SDG Goal 8, Target 10 of strengthening financial institutions and promoting a resilient financial system.

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Institutional Quality’s Catalyst Role in Fintech and Economic Development: Global Evidence

  • 章节

  • 发表日期：

    2026年

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  • John Agyekum Addae,
  • Sheraz Ahmed,
  • Mikael Collan,
  • Mara Madaleno,
  • Gilbert Zana Naab

摘要

Fintech boosts economic growth, and the two sectors have thrived together. This paper examined the intricate relationship between institutional quality, fintech, and economic development. Our study employs a multiple linear regression approach on panel data from 45 countries spanning 2012–2019. We also used 2SLS-IV regression to analyze the the catalyst role of institutional quality in determining the relationship between fintech inflow and economic development. Our results show that there is a significantly positive impact of fintech inflows on economic development. Moreover, the economic impact of fintech on GDP growth increases by almost four times anchored by institutional quality. This shows that institutional quality plays an anchoring role in determining the impact of fintech on economic development. Our study has important implications for SDG Goal 8, Target 10 of strengthening financial institutions and promoting a resilient financial system.