AN EMPIRICAL STUDY CONCERNING THE USE OF INTERNET BANKING IN ROMANIA

Abstract

As the trend of ICT (Information and Communication Technology) development is gaining larger influence over countries’ development and growth, Internet banking plays an important role in enhancing the growth of several developed and developing economies over the 21th century. Internet banking and other electronic payment systems are relatively new in Romania and is expected to result in a more efficient banking system. However, in this study we try to argue the fact that Internet banking is strategically important to the banking sectors in an emerging economy, such as Romania, by means of statistical-econometric methodology. For this I used statistical data from Eurostat and MSI for the period 2009-2013. I proposed two models to highlight the existence of a relationship between the variables. The results of the first model have pointed out the fact that the rise of number of Internet users leads to an increase of the number of Internet banking users. The results of the second model show how the indicators influence Internet Banking users and the number of transactions made by Internet Banking influences the value of transactions made by Internet Banking.

Keywords

• Internet users, Internet banking, regression models, Romania.