TY - JOUR
T1 - Fueling Financial Development: The Crucial Role of Generative AI Financing Across Nations
AU - Siddik, Abu Bakkar
AU - Li, Yong
AU - Du, Anna Min
AU - Migliavacca, Milena
PY - 2025
Y1 - 2025
N2 - This study examines the impact of Generative AI (GAI) financing on financial development (FD) across 21 countries using cross-sectional data from 2020 to 2022. Employing both simple linear regression and two-stage least squares (2SLS) to address endogeneity, we find that GAI financing significantly\r\ncontributes to financial development, with stronger effects observed in Asian and non-European regions. Regional heterogeneity is evident, highlighting varying impacts across different subcontinents. Policy implications suggest promoting GAI ecosystems, attracting foreign investment, and enhancing publicity for GAI startups. The study highlights the need for future research on the ethical implications and dynamic effects of GAI financing.
AB - This study examines the impact of Generative AI (GAI) financing on financial development (FD) across 21 countries using cross-sectional data from 2020 to 2022. Employing both simple linear regression and two-stage least squares (2SLS) to address endogeneity, we find that GAI financing significantly\r\ncontributes to financial development, with stronger effects observed in Asian and non-European regions. Regional heterogeneity is evident, highlighting varying impacts across different subcontinents. Policy implications suggest promoting GAI ecosystems, attracting foreign investment, and enhancing publicity for GAI startups. The study highlights the need for future research on the ethical implications and dynamic effects of GAI financing.
KW - Cross-Sectional Analysis
KW - Financial Development
KW - GAI Financing
KW - Publicity Exposure
KW - Cross-Sectional Analysis
KW - Financial Development
KW - GAI Financing
KW - Publicity Exposure
UR - https://publicatt.unicatt.it/handle/10807/299279
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85209997422&origin=inward
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85209997422&origin=inward
U2 - 10.1016/j.frl.2024.106519
DO - 10.1016/j.frl.2024.106519
M3 - Article
SN - 1544-6123
VL - 72
SP - N/A-N/A
JO - Finance Research Letters
JF - Finance Research Letters
IS - N/A
ER -