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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Zahra Assyfa, Frisky Anistya, Iskandar Muda, Erlina
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DOI:10.17265/1548-6583/2025.03.009
Department of Accounting, Universitas Sumatera Utara, Medan Campus, Sumatera, Indonesia
This study investigates the spatial courting between digital economic signs and local monetary overall performance throughout ten provinces in Sumatra, Indonesia, from 2019 to 2022. As digitalization hastens economic and business sports, devices together with fintech lending, e-cash, debit card usage, and e-commerce are increasingly more diagnosed as capability drivers of regional increase. But, the unequal distribution of digital infrastructure and monetary literacy across regions raises issues approximately the inclusivity of these benefits. constructing upon current findings by using Miranti et al. (2024), this research employs spatial econometric fashions—particularly the Spatial Lag model (SLM) and Spatial mistakes model (SEM)—to evaluate how digital variables influence provincial financial overall performance while accounting for spatial spillover consequences. The results reveal that fintech lending and debit card usage exert a positive and significant impact on economic growth, whereas the effect of e-money is negative, suggesting potential substitution effects or access constraints. Spatial dependency is also evident, as demonstrated by the significant lambda coefficient in the SEM model. These findings highlight the importance of spatially coordinated digital policies, particularly in addressing disparities and enhancing digital financial inclusion. The study concludes with policy recommendations aimed at fostering inclusive and spatially balanced digital economic development in Sumatra.
digital finance, spatial
econometrics, regional economic performance, fintech, Sumatra, e-money, spatial
spillover
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