International Journal of Social Science & Economic Research
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Title:
ASSESSMENT OF THE FINANCIAL TECHNOLOGIES INFLUENCE ON COUNTY'S COMPETITIVENESS

Authors:
Irena Danileviciene , Mantas Sakalauskas and Laima Okuneviciute Neverauskiene

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Irena Danileviciene 1, Mantas Sakalauskas2 and Laima Okuneviciute Neverauskiene 3
1,2. Vilnius Gediminas Technical University, Faculty of Business Management, Sauletekio al. 11, 10223 Vilnius, Lithuania
3. Vilnius Gediminas Technical University, Faculty of Business Management, Lithuanian Social Research Centre, Sauletekio al. 11, 10223 Vilnius, Lithuania

MLA 8
Danileviciene, Irena, et al. "ASSESSMENT OF THE FINANCIAL TECHNOLOGIES INFLUENCE ON COUNTY’S COMPETITIVENESS." Int. j. of Social Science and Economic Research, vol. 6, no. 1, Jan. 2021, pp. 220-236, doi:10.46609/IJSSER.2021.v06i01.015. Accessed Jan. 2021.
APA 6
Danileviciene, I., Sakalauskas, M., & Neverauskiene, L. (2021, January). ASSESSMENT OF THE FINANCIAL TECHNOLOGIES INFLUENCE ON COUNTY’S COMPETITIVENESS. Int. j. of Social Science and Economic Research, 6(1), 220-236. doi:10.46609/IJSSER.2021.v06i01.015
Chicago
Danileviciene, Irena, Mantas Sakalauskas, and Laima Okuneviciute Neverauskiene. "ASSESSMENT OF THE FINANCIAL TECHNOLOGIES INFLUENCE ON COUNTY’S COMPETITIVENESS." Int. j. of Social Science and Economic Research 6, no. 1 (January 2021), 220-236. Accessed January, 2021. doi:10.46609/IJSSER.2021.v06i01.015.

References

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Abstract:
While the FinTech sector is expanding rapidly and making up a larger share of the whole finance sector, and Lithuania taking measures in order to attract more FinTech companies, the need to determine the dependency between FinTech and a country’s competitiveness arises. The purpose of this article is to evaluate FinTech influence on a country’s competitiveness. Theoretical part of the article defined FinTech and competitiveness as terms. FinTech ecosystem and classification of firms were also analysed. Six macroeconomical indicators that could possibly influence a country’s competitiveness were distinguished. Furthermore using the correlation-regression analysis method, FinTech influence on the six macroeconomical indicators, that are expressed quantitatively and define a country’s competitiveness, was determined. According to the results of the research, FinTech influences four of the six selected macroeconomical indicators, these indicators are – GDP, average annual wage, unemployment and exports.

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