On The Effects Of Artificial Intelligence On Economic Growth And Finacial Performance In The Asean Countries

Abstract

Examining the effect of economic growth, financial and financial performance on the acquisition of artificial intelligence (AI) in the ASEAN nations of the world is the primary goal of the current literature. This study retrieved data from the World Bank banking database covering the ASEAN countries from 2001 to 2017 for the hypotheses testing. The findings showed a positive relationship between artificial intelligence adoption in the ASEAN countries and economic growth, financial development, and financial performance. These findings advised the agencies responsible for creating and enforcing regulations to concentrate on the economic, financial, and non-financial health of the businesses in order to improve their capacity to integrate artificial intelligence into their operations.