Do national development factors affect cryptocurrency adoption
Bibliographic Data
| ID | 21403645 |
|---|---|
| Authors | Alnoor Bhimani (0000-0002-1884-5840, London School of Economics and Political Science), Kjell Hausken (0000-0001-7319-3876, University of Stavanger, corresponding author), Sameen Arif (Information Technology University) |
| Year | 2022 |
| Volume | 181 |
| Pages | 121739 |
| Publication date | 2022-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Technological Forecasting and Social Change (JOURNAL) |
| Journal identifiers | ISSN: 0040-1625 • E-ISSN: 1873-5509 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.techfore.2022.121739 |
| OpenAlex | W4281707293 |
| Language | EN |
| Citations received | 12 |
| References cited | 50 |
The adoption of cryptocurrencies is uneven across businesses, industries, and countries. Different forces drive cryptocurrency adoption (CA) dependent on the national level of development. We empirically assess the relationship between certain macro-national developmental indicators and cryptocurrency deployment across 137 countries. Linear regressions determine specific associations with cryptocurrency adoption. We report that CA correlates positively and in decreasing order with Education, the Human Development Index, the Network Readiness Index, the Gini index, Democracy, Regulatory Quality, and Gross Domestic Product, and negatively and in decreasing order with Control of Corruption, the Corruption Perception Index, and the Economic Freedom Index. We draw on our findings to point to policy implications tied to the usage of cryptocurrencies and blockchain technologies more widely and identify further research possibilities
Affect (linguistics) · Business · Computer security · Cryptocurrency · Economic freedom · Economic growth · Economics · Gross domestic product · Human development (humanity) · Human Development Index · Index (typography) · Language change · Market economy · Order (exchange) · Product (mathematics) · Public economics · Quality (philosophy) · Blockchain Technology Applications and Security · Computer Science · Economic Growth and Development · Finance · FinTech, Crowdfunding, Digital Finance
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| Unique citing works | 12 |
|---|---|
| Citations per year | 4 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 11 |