FinTech, General Purpose Technology und Wohlfahrt

Arbeitspapier

FinTech is said to have promising effects. The consideration that arises is whether this new form is a special kind of technology that affects an entire economy and has the potential to change societies through its impact on existing economic and social structures. Thus, the question arises whether FinTech can be characterized as general-purpose technology (GPT)? This is followed by the second question: What is the impact of FinTech at the aggregate level and as a potential GPT on aggregate economic welfare? Using two different GPT definitions and characteristics, we show how FinTech can be characterized as a GPT. In the second part, an analytical framework is used to show that FinTech increases welfare as a positive supply shock.

Object Details

• Language: Deutsch

References and Relationships

• Bibliographic citation: Series: IU Discussion Papers - Business & Management ; No. 5 (Juni 2022)

Classification and Topics

• Classification: Management ; Financial Institutions and Services: General ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Economic Development: General ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Technological Change: Choices and Consequences; Diffusion Processes ; Economic Growth and Aggregate Productivity: Other
• Subject: Fintech ; Finanztechnologie ; Wohlfahrt ; AS-AD Modell ; General Purpose Technology ; GPT

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Treu, Johannes
• Event: Veröffentlichung
• (who): IU Internationale Hochschule
• (where): Erfurt
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/261353
• URN: urn:nbn:de:101:1-2022062812374702308553
• Last update: 10.03.2025, 11:46 AM CET