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Impact of third-party online payment systems on trade, export, import, and internet retailing

Author

Listed:
  • Isaac Appiah-Otoo

    (College of Management Science, Chengdu University of Technology, Chengdu, China)

  • Xudong Chen

    (College of Management Science, Chengdu University of Technology, Chengdu, China)

  • Na Song

    (School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, China)

  • Camara Kwasi Obeng

    (Department of Economic Studies, School of Economics, University of Cape Coast, Cape Coast, Ghana)

Abstract

This study estimates the impact of third-party online payment systems on trade, export, import, and Internet retailing in China. Also, the study examines the financial development mechanism via which third-party payment affects trade, export, import, and Internet retailing in China. By employing a sample of 31 provinces in China covering 2011 to 2018, the findings indicate that, third-party payment drives China’s trade (0.43%), export (0.42%), import (0.47%), and Internet retailing (0.24%). The study also finds that third-party payment complements financial development to positively affect trade, export, import, and Internet retailing in China. The study recommends policymakers promote third-party payment development in China to boost trade, export, import, and Internet retailing.

Suggested Citation

  • Isaac Appiah-Otoo & Xudong Chen & Na Song & Camara Kwasi Obeng, 2023. "Impact of third-party online payment systems on trade, export, import, and internet retailing," Journal of Information Economics, Anser Press, vol. 1(3), pages 28-42, October.
    • Handle: RePEc:bba:j00008:v:1:y:2023:i:3:p:28-42:d:226
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    References listed on IDEAS

    as
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    3. Kiyota, Kozo, 2022. "The COVID-19 pandemic and the world trade network," Journal of Asian Economics, Elsevier, vol. 78(C).
    4. Hayakawa, Kazunobu & Mukunoki, Hiroshi, 2021. "The impact of COVID-19 on international trade: Evidence from the first shock," Journal of the Japanese and International Economies, Elsevier, vol. 60(C).
    Full references (including those not matched with items on IDEAS)

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