From bytes to sustainability: Asymmetric nexus between industrial artificial intelligence and green finance in advanced industrial AI nations

IF 6.3 2区 经济学 Q1 BUSINESS, FINANCE Borsa Istanbul Review Pub Date : 2024-09-01 DOI:10.1016/j.bir.2024.03.010
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Abstract

The integration of artificial intelligence in industry and the adoption of green finance emphasizing environmental sustainability through technology has become increasingly prominent. This article scrutinizes the asymmetric nexus between industrial artificial intelligence and green finance in the top ten countries leading in industrial artificial intelligence (China, USA, South Korea, Germany, Japan, Canada, UK, Australia, France, and Italy). Preceding studies applied panel data approaches to examine the industrial artificial intelligence-green finance nexus without considering that not all countries had established such a connection autonomously. Conversely, this paper implements a distinctive approach, ‘Quantile-on-Quantile’, which offers both worldwide and nation-specific foresight into the correlation of the variables. The results demonstrate that industrial artificial intelligence increases green finance at specific segments of the data distribution across diverse economies. These outcomes underscore policymakers’ need to approach the development and enactment of policies regarding industrial artificial intelligence and green finance with careful attention and thoughtful deliberation.

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从字节到可持续性:先进工业人工智能国家的工业人工智能与绿色金融之间的不对称关系
人工智能与工业的结合以及通过技术实现强调环境可持续性的绿色金融的采用已变得日益突出。本文研究了工业人工智能领先的十大国家(中国、美国、韩国、德国、日本、加拿大、英国、澳大利亚、法国和意大利)的工业人工智能与绿色金融之间的非对称关系。之前的研究采用面板数据方法研究工业人工智能与绿色金融之间的关系,但没有考虑到并非所有国家都自主建立了这种联系。与此相反,本文采用了一种独特的方法,即 "量化对量化"(Quantile-on-Quantile),这种方法既能预测全球变量的相关性,也能预测具体国家的相关性。结果表明,在不同经济体的数据分布中,工业人工智能增加了特定部分的绿色金融。这些结果突出表明,政策制定者在制定和颁布有关工业人工智能和绿色金融的政策时,需要认真关注和深思熟虑。
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来源期刊
CiteScore
7.60
自引率
3.80%
发文量
130
审稿时长
26 days
期刊介绍: Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations
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