This project of thesis aims to discuss developments in the field of finance driven by technological developments. The thesis discusses the current challenges facing the adoption of many financial technology solutions on a large scale in MENA countries with the aim of enhancing financial inclusion for all residents of the region. In recent years, MENA governments have paid increasing attention to this technology and the cases of its use as a tool for digital transformation; it has been seen as an engine of economic diversification and has been high on the development agendas of many countries in the region.
Which econometric model fits this topic?
Yes. Exactly right. The financial technologys are used to boost the financial health of the economy of any country.
Tarik Hossain Thank you so much
Can you support this by talking about the experience of Bangladesh, for example?
You can take a look at my manuscript on economic development involving the MENA countries. Quantile regression was used in the manuscript. You can use a lot of methodologies ( quantile and panel quantile, GMM or nonparametric techniques, etc.) depending on the way of handling the issue.
"The thesis discusses the current challenges facing the adoption of many financial technology solutions on a large scale in MENA countries with the aim of enhancing financial inclusion for all residents of the region."
Hey brother, glad to know you are in the fintech business. In my humble opinion there are many literature since Davis (1989) who conceptualised TAM model. If only people adopt to fintech they can take the advantage of it.
My brother you can take up challenges and their impact and in suggestions (to the government, entrepreneurs and people who can address this challenge) you mention about the applicable advantages made from fintech (like increasing wealth from investments, cashbacks, discounts etc.)
I am hoping that you would have done your survey and have a picture of what are the challenges and I also assume that you would have done review of literature to see what other researchers have found about challenges in adoption of fintech.
Suggested of research model-
Factor analysis
STEP:1 Alright so now we have survey, from a sample and when we crunch the data and name it we make sure that we have 2-4 questions for a particular category to measure for e.g.
1) How confident you're about trusting fintech applications?Have you ever experienced fintech fraud? Have you ever experienced financial security breach? Trust(category)
2) How comfortable you are using smartphones? How comfortable are you using fintech applications? How comfortable are you making fintech payments? (Usability)
Now we have 2 categories which has 3 question each.
From this you have your variables named in such a way that the name itself has some similarity but that category has some uniqueness like 1) Trust, fraud, security and 2) infrastructure, usability, knowledge.
STEP2:
A)In SPSS you can conduct reliability test Cronbach Alpha (of variables from questionnaire)
B) Factor analysis which includes for correlation(of variables), Bartlett's sphericity test for hypothesis testing, KMO analysis for sampling adequacy.
I hope you have taken around 20 variables and you categorise them and if there is any variable which doesn't seem to have a strong relationship then you can remove the variable(SPSS will remove by conducting Rotated component matrix). PCA will give you .. rest you can read from here
https://www.ibm.com/docs/en/spss-statistics/24.0.0?topic=analysis-using-factor-structure-detection
Love from Odisha, India
Dps Samanta Thank you very much for this valuable addition and wonderful analysis
you can rever to" (PDF) Adopting Extensible Business Reporting Language (XBRL) in Financial statment to inprove quality of financial reportin (researchgate.net)" my useful
Conference Paper أمكانية العرض الإلكتروني للقوائم المالية للوحدات الاقتصادية ...
Article The effect of XBRL financial reporting on enhancing the tran...
Financial inclusion would be a better strategy for nowadays industries. I thought that industry 4.0 could begin if the financial inclusion were initiated.
Mohammed Faez Hasan Thank you very much for your participation
Certainly, financial technology and the Fourth Industrial Revolution will help in the development of the financial sector..In your opinion, what are the best strategies that Middle Eastern countries should follow to catch up with Industry 4.0?