The Impact of Financial Technological Advancement (FinTech) on the Economic Growth: Evidence from Palestine

This study examined the impact of financial technology FinTech on economic growth in Palestine, moreover, used annual time series data from Palestinian Ministry National Economy (MoNE), Finance and Planning (MoFP), as well Central Bureau Statistics (PCBS) Monetary Authority (PMA), addition to investigating current development for period (2008 2021). In addition, co-integration was evaluated using a distributed autoregressive approach, vector error correction model consider long- short-term causation. However, shows that products (number people Internet, number broadband subscriptions, mobile cellular automated transfer machines, branches) contribute inclusion, which turn fuels economy Palestine. Moreover, these results indicate (PMA) Palestine is focusing more expanding access services. this aims explore opinions attitudes regarding emergence Palestine's future services industry. The study’s objectives were also achieved by speaking group managers banking industries, who administrative employees departments with technical, software information departments, specialized technological fields electronic payment analysis performed based objectivity collected. approach produce rank data-related traits patterns. According findings study, it critical existing institutions, academic companies business incubators work together build supportive environment Fintech system ADFGLS test results, all variables are stable at initial difference. ARDL technique show occurs null hypothesis rejected. VECM fintech have long-term causal relationship both development. Thus, has many obstacles: rules regulations, cybersecurity, customer distrust digital services, etc. All believed direct beneficial economy.