The Impact of Digital Transformation in Banks on Economic Growth: A Study of a Sample of Countries from 2012 to 2021
Keywords:
Digital transformation, economic growth, digital services.Abstract
This study aims to highlight the relationship between digital transformation indicators in the banking sector and economic growth for a sample of countries. Three panel models were employed: the aggregate model, fixed-effects model, and random-effects model. After individually estimating each model, statistical tests were applied in the empirical study.
The study concludes that the random-effects model is the most effective, indicating a direct and positive impact of digital transformation indicators in the banking sector on economic growth.
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