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Openness and Technology Diffusion in Payment Systems: The Case of NAFTA

Listed author(s):
  • Francisco Callado

    ()

    (Departament d'Economia i Empresa, Universitat de Girona)

  • Jana Hromcová

    ()

    (Departament d'Economia Aplicada, Universitat Autonoma de Barcelona)

  • Natalia Utrero

    ()

    (Departament d'Economia i Empresa, Universitat de Girona)

We study the relationship between openness and payment system development. In particular, we analyze how the existence of technology diffusion from a more developed country fosters a transformation of payment choice in a less developed country. We apply our analysis to Mexico. Economic growth in Mexico was not high enough to cause a transformation of payment choice observed in the data after 2001. We argue that the switch towards electronic payments can be attributed to openness and related payment technology spillovers from the US in the context of NAFTA.

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File URL: http://www.ecap.uab.es/RePEc/doc/wpdea1206.pdf
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Paper provided by Department of Applied Economics at Universitat Autonoma of Barcelona in its series Working Papers with number wpdea1206.

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Length: 21 pages
Date of creation: Jun 2012
Handle: RePEc:uab:wprdea:wpdea1206
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Campus Bellaterra. 08193 Bellaterra.

Phone: 34-93 581 1680
Fax: 34-93 581 2292
Web page: http://www.uab.cat/departament/economia-aplicada/
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