Global Adoption of Generative AI: What Matters Most?

Journal of Economy and Technology, 2024[10.1016/j.ject.2024.10.002]

20 Pages Posted: 2 Jan 2025

See all articles by Hassnian Ali

Hassnian Ali

Hamad Bin Khalifa University; Minhaj University Lahore

Atta ul Mustafa

Hamad Bin Khalifa University

Ahmet Faruk Aysan

Hamad Bin Khalifa University - Center for Islamic Economics and Finance

Date Written: October 28, 2024

Abstract

This study investigates the determinants of generative AI adoption across 136 countries, leveraging cross-sectional data from 2023 and employing a negative binomial regression model to address data overdispersion. Generative AI is a transformative technology that enhances operational efficiency, drives innovation, and creates economic value across sectors. Key findings reveal that IT infrastructure, R&D investments, and company investment in emerging technologies significantly foster generative AI adoption, while misaligned government policies may hinder it. The analysis identifies crucial determinants, including technological infrastructure, economic stability, regulatory environments, and workforce readiness, as pivotal to adoption rates. The study provides actionable insights for policymakers, industry leaders, and researchers, advocating for tailored policies, strategic investment in high-speed internet and cloud services, and refining government incentives to align with AI sector needs. This research uniquely contributes by offering a comprehensive, cross-country perspective on factors influencing generative AI adoption.

Keywords: Generative AI, future, Emerging Technologies, Global Adoption

Suggested Citation

Ali, Hassnian and Mustafa, Atta ul and Aysan, Ahmet Faruk, Global Adoption of Generative AI: What Matters Most? (October 28, 2024). Journal of Economy and Technology, 2024[10.1016/j.ject.2024.10.002], Available at SSRN: https://ssrn.com/abstract=5004987 or http://dx.doi.org/10.1016/j.ject.2024.10.002

Hassnian Ali (Contact Author)

Hamad Bin Khalifa University ( email )

P.O. Box: 5825
Education City
Doha
Qatar

Minhaj University Lahore ( email )

School of Business and Management Sciences
School of Business and Management Sciences
Lahore
Pakistan
66242714 (Phone)

Atta ul Mustafa

Hamad Bin Khalifa University ( email )

Ahmet Faruk Aysan

Hamad Bin Khalifa University - Center for Islamic Economics and Finance ( email )

P.O. Box: 5825
Education City
Doha
Qatar

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