| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10848 |
| DP10848 Mobile Money, Trade Credit, and Economic Development: Theory and Evidence | |
| Thorsten Beck; Burak Uras; Haki Pamuk; Ravindra Ramrattan | |
| 发表日期 | 2015-09-27 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Using a novel enterprise survey from Kenya (FinAccess Business), we document a strong positive association between the use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium model with heterogeneous entrepreneurs, imperfect credit markets and the risk of theft to account for this empirical pattern. Mobile money dominates fiat money as a medium of exchange in its capacity to avoid theft, but comes with higher transaction costs. The interaction between risk of theft and limited access to trade credit generates demand for mobile money as a payment method with suppliers and the use of mobile money in turn raises the value of a credit relationship and hence the willingness to apply for trade credit. Calibrating the stationary equilibrium to match a set of moments that we observe in Kenyan FinAcces enterprise survey data and quantifying the importance of the endogenous interactions between mobile money and trade credit on entrepreneurial performance and macroeconomic development, we find that the availability of the mobile money technology increases GDP by 0.33-0.47%. |
| 主题 | Development Economics ; Financial Economics |
| 关键词 | Mobile money Trade credit Small business finance Kenya |
| URL | https://cepr.org/publications/dp10848 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539677 |
| 推荐引用方式 GB/T 7714 | Thorsten Beck,Burak Uras,Haki Pamuk,et al. DP10848 Mobile Money, Trade Credit, and Economic Development: Theory and Evidence. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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