The impact of artificial intelligence (AI) investment on human well-being in G-7 countries: Does the moderating role of governance matter?

Abstract

This study examines the AI investment (AII)-human well-being (HWBG) nexus contingent on governance indicators/dimensions within G-7 nations from 2012 to 2022 using the Cross-Sectional Augmented Autoregressive Distributed Lag (CS-ARDL) technique. Based on the results, policymakers should prioritize integrating AII into governance to boost HWBG in the short- and long-term. However, caution is needed when considering AII's interaction with institutional governance, as it didn't support HWBG. While AII and overall governance quality seem promising, it is vital to implement safeguards against potential negative effects stemming from the interaction between AII and institutional governance on HWBG.

Keywords

• O3
• O15
• O43