Document Type : ORIGINAL ARTICLE

Authors

• Sohrab Delangizan
• maryam poshtehkeshi
• azad khanzadi

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Abstract

The impact of FinTech panel on smart financial development is a relatively new research area. Despite a rich body of literature on the drivers of financial development and the role of FinTech in achieving financial inclusion, significant questions remain unanswered. In this study, by introducing and constructing a smart financial development index, we investigate the impact of financial technologies on the performance of smart financial development for Iranian provinces during the period 2011-2021, using the dynamic spatial panel method. Based on spatial econometrics tests, the Spatial Autoregressive (SAR) approach was used to estimate the relationships between the model's variables. The estimation results show that with an increase in financial technology variables, trade openness, and institutional quality index, smart financial development increases. Furthermore, during the studied period, an increase in price levels had an inverse effect on smart financial development. The estimated value of the spatial lag variable is positive and significant at the one percent level, indicating that an increase in smart financial development in a particular province leads to an increase in smart financial development in neighboring provinces

Keywords

• Fintech
• smart financial development
• dynamic spatial measurement
• panel data

Main Subjects

• توسعه مالی