Research on Adequate Public Measures to Deal with Current Growth of Electronic Money Payment

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In this research, we attempted to determine the main factor in the current growth of electronic money payment. We also empirically investigated the degree of substitution between cash and other electronic payment tools (electronic money, credit cards etc.) For that purpose, the panel survey was conducted on consumers and various regression models (the ordered probit model and so on) were estimated. Finally we derived some policy implication concerning electronic money payment business in the future.