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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X


Article from Volume 10, Number 3, Year 2022

Author(s): Ana Cirlan, Mariana Bunu
DOI: 10.4316/EJAFB.2022.10311
Abstract: The paper contains the authors' research on the subject of impact of cashless payments on economic growth of the Republic of Moldova. By using regression was aimed to show off the relationship of GDP and non-cash payments. The economic effects of cashless payments and their impact on the growth of the national economy in current economic conditions are discussed. The data for calculation were taken from the National Bank of Moldova and from the National Bureau of Statistics of the Republic of Moldova. The analysis focuses on calculation of the level of the value of non-cash payments in GDP of the Republic of Moldova connected to the share of the non-observed economy in GDP. Data confirm a high level of that indicator, thus special enunciation is for the hypothesis that cashless payments contribute to the decrease of the unobserved economy. The linear relationship between non-cash payments and GDP of the Republic of Moldova was described and depicted.
Keywords: Cashless Payment Instruments; Economic Growth; Electronic Payment; Non-cash Payments; Unobserved Economy
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