Exogenous crises and technology adoption: evidence from the effect of COVID-19 on fintech adoption
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F23%3A00584651" target="_blank" >RIV/00216208:11640/23:00584651 - isvavai.cz</a>
Result on the web
<a href="https://www.cerge-ei.cz/pdf/master_theses/Master_Thesis_He2.pdf" target="_blank" >https://www.cerge-ei.cz/pdf/master_theses/Master_Thesis_He2.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Exogenous crises and technology adoption: evidence from the effect of COVID-19 on fintech adoption
Original language description
Can exogenous crises affect technology adoption, and if so, how? In this thesis, I study whether a public health crisis, the COVID-19 pandemic, could affect individuals’ adoption of financial technology. I combine the health shock of the pandemic and governments’ policy responses to measure a country’s intensity of exposure to COVID-19. I employ an instrumental variable strategy, using the number of airports and the time of the first confirmed COVID case, to instrument the pandemic exposure intensity in a country. Additionally, I use the difference-in-difference approach to identify the causal effect of the pandemic exposure and I combine the IV and DiD approaches for further identification. The results reveal that a higher intensity of exposure to the pandemic has positive effects on fintech adoption. These effects on fintech adoption can be attributed to increased concerns and distress among individuals about the pandemic situation, which motivate them to adopt financial technologies. The findings of this thesis provide valuable insights into the impact of COVID-19 on society and shed light on the technology adoption process within the context of a public health crisis.
Czech name
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Czech description
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Classification
Type
O - Miscellaneous
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/LX22NPO5101" target="_blank" >LX22NPO5101: The National Institute for Research on the Socioeconomic Impact of Diseases and Systemic Risks</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů