The contagion effect of artificial intelligence across innovative industries
From blockchain and metaverse to cleantech and beyond
Bibliographic Data
| ID | 21404022 |
|---|---|
| Authors | M A Naeem (0000-0001-6962-3175, United Arab Emirates University), Nadia Arfaoui (0000-0002-0416-2539), Larisa Yarovaya (0000-0002-9638-2917, corresponding author) |
| Year | 2025 |
| Volume | 210 |
| Pages | 123822 |
| Publication date | 2025-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Technological Forecasting and Social Change (JOURNAL) |
| Journal identifiers | ISSN: 0040-1625 • E-ISSN: 1873-5509 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.techfore.2024.123822 |
| OpenAlex | W4404435192 |
| Language | EN |
| Citations received | 2 |
| References cited | 104 |
Artificial Intelligence (AI) stands as a transformative force across business, technology, and science, yet its comprehensive impact on innovative industries remains relatively unexplored. This study delves into the interconnectedness between AI and pivotal sectors such as cryptocurrency , blockchain, metaverse, democratized banking, and Cleantech, among others. Employing the conditional autoregressive value-at-risk (CAViaR) and time-varying parameters vector autoregressions (TVP-VAR) methods, we scrutinize daily data spanning from June 1, 2018, to October 11, 2023, encompassing 12 stock indices representing each industry. Our findings unveil a strong contagion effect from AI to other innovative sectors, with the exception of Cleantech, which appears to have decoupled from the AI surge. Notably, democratized banking and the metaverse emerge as key recipients of this contagion. Examination of tail-risk spillovers highlights AI as one of the most influential risk transmitters during market tumult, while cryptocurrency and blockchain consistently function as net risk receivers throughout the sample period. The implications of these findings are multifaceted, offering substantive insights into the risk profiles of these critical innovative sectors. Investors and regulatory bodies stand to benefit significantly from this analysis, as it illuminates potential avenues for portfolio diversification and deepens understanding of contagion mechanisms within these evolving industries
Blockchain · Computer security · Economics · Metaverse · Virtual reality · Artificial Intelligence · Blockchain Technology Applications and Security · Computer Science · COVID-19 Pandemic Impacts · Market Dynamics and Volatility
Covid-19 and digitalization
Generalized impulse response analysis in linear multivariate models
Efficient tests for normality, homoscedasticity and serial independence of regression residuals
Impulse response analysis in nonlinear multivariate models
Relationship between innovation capability, innovation type, and firm performance
Influence of artificial intelligence (AI) on firm performance
Efficient Tests for an Autoregressive Unit Root
The role of fintech startups and big banks in shaping trust expectations from blockchain use in mainstream financial markets
From theory to practice
Industry 4.0 and intellectual capital in the age of FinTech
Can Fintech development pave the way for a transition towards low-carbon economy
FinTech and commercial banks' performance in China
Dynamic spillover effects and connectedness among climate change, technological innovation, and uncertainty
Dynamic effect of Bitcoin, fintech and artificial intelligence stocks on eco-friendly assets, Islamic stocks and conventional financial markets
Making technological innovation greener
Time and frequency domain connectedness and spill-over among fintech, green bonds and cryptocurrencies in the age of the fourth industrial revolution
Blockchain and the emergence of Decentralized Autonomous Organizations (DAOs)
Investigating the spill overs and connectedness between financial globalization, high-tech industries and environmental footprints
Tail risk and systemic risk of finance and technology (FinTech) firms
Diversification in the age of the 4th industrial revolution
Technological forecasting based on estimation of word embedding matrix using LSTM networks
Revolutionizing finance
CAViaR
Effects of the Covid-19 pandemic on stock price performance of blockchain-based companies
Metaverse through the prism of power and addiction
Buzzword or fuzzword
Better to give than to receive
| Unique citing works | 2 |
|---|---|
| Citations per year | 2 |
| Citation span | 2025 - 2026 (2) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 2 |