Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Digital Technologies and Saving Behavior

Authors
J Varlamova, N Larionova, L Zulfakarova
Corresponding Author
J Varlamova
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.229How to use a DOI?
Abstract
Digitalization penetrates all aspects of economy and finance, changes the behavior of major economic agents. The primary research question is to determine whether digital technology is really a tool for increasing savings in the economy. The empirical study has included the construction of a logit model, in which the probability of short-term savings of an agent acts as a dependent variable. The results of the modelling show that saving behavior is sensitive to the introduction of digital technologies such as the Internet and the proliferation of mobile phones. Having an account at a financial institution also increases the likelihood of savings. However, when developing and implementing public policies, it is necessary to take into account the fact that digital technologies can stimulate the use of informal savings institutions. The findings of the study substantiate the need to build skills in the use of mobile and Internet technologies to increase the financial inclusion of all segments of the population and increase the level of savings.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.229How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - J Varlamova
AU  - N Larionova
AU  - L Zulfakarova
PY  - 2020
DA  - 2020/03/17
TI  - Digital Technologies and Saving Behavior
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 1661
EP  - 1667
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.229
DO  - https://doi.org/10.2991/aebmr.k.200312.229
ID  - Varlamova2020
ER  -