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on Information and Communication Technologies |
| By: | Tsatchoua Tchakouadeu, Jacques; Bouwawé, Duclo; Awoutcha Tchieuzing, Romuald Fernand |
| Abstract: | The objective of this study is to investigate the effects of ICT on financial development as measured by domestic credit to the private sector in Sub-Saharan Africa. The study uses a panel of 30 countries and covers the period 1995 - 2019. The data come from a variety of sources and the method of generalised moments in a system (GMM) is used for the regressions. The results show that mobile phone subscriptions (ATM) and fixed-line subscriptions (ATF) have a positive and significant effect on financial development at the 1% level, with ATF having a greater impact. Hence the need for governments and financial institutions in African countries to invest in promoting and investing in ICT infrastructure. |
| Keywords: | ICT, Financial development, Financial technology, Sub-Saharan Africa |
| JEL: | G14 G20 L96 O55 |
| Date: | 2024–10–04 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123448 |
| By: | Bryan T. Kelly (Yale SOM; AQR Capital Management, LLC; National Bureau of Economic Research (NBER)); Boris Kuznetsov (Swiss Finance Institute); Semyon Malamud (Ecole Polytechnique Federale de Lausanne; Centre for Economic Policy Research (CEPR); Swiss Finance Institute); Teng Andrea Xu (École Polytechnique Fédérale de Lausanne (EPFL)) |
| Abstract: | The core statistical technology in artificial intelligence is the large-scale transformer network. We propose a new asset pricing model that implants a transformer in the stochastic discount factor. This structure leverages conditional pricing information via cross-asset information sharing and nonlinearity. We also develop a linear transformer that serves as a simplified surrogate from which we derive an intuitive decomposition of the transformer's asset pricing mechanisms. We find large reductions in pricing errors from our artificial intelligence pricing model (AIPM) relative to previous machine learning models and dissect the sources of these gains. |
| Date: | 2025–01 |
| URL: | https://d.repec.org/n?u=RePEc:chf:rpseri:rp2508 |
| By: | Ozili, Peterson K |
| Abstract: | This paper investigates the general level of interest in financial inclusion information using global data. Descriptive statistics and correlation analyses were used to assess the global interest in financial inclusion information. Using Google Trends monthly data from 2004 to 2021, the results show that the term ‘financial inclusion’ was more popular on the web in year 2017 than in any other year. Secondly, the highest level of interest in the term ‘financial inclusion’ by internet users was recorded in non-crisis months particularly after the global financial crisis but before the COVID-19 pandemic while the lowest interest in the term ‘financial inclusion’ by internet users was recorded in crisis months particularly during the global financial crisis and during the COVID-19 period. Thirdly, web search for information about financial inclusion was more popular in Zimbabwe, Rwanda, Fiji, Uganda and Zambia, while news search for information about financial inclusion was more popular in Fiji, India, Malaysia, Kenya, Singapore and Nigeria. This suggests that there was more interest in the term ‘financial inclusion’ among internet users in developing countries than in developed countries. Also, there is a negative correlation between interest in financial inclusion information and the level of country development. |
| Keywords: | Google Trends, financial inclusion, web search, development, internet. |
| JEL: | G21 G23 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123298 |
| By: | Ologunebi, John; Taiwo, Ebenezer |
| Abstract: | This research explores the profound impact of digital communication on governance, political dynamics, and leadership within the context of Nigeria, a country characterized by its diverse socio-political landscape and evolving digital environment. As the prevalence of the internet and mobile technologies has surged, so has the potential for digital platforms to reshape the way citizens interact with their government, engage in political processes, and influence leadership structures. This study employs a quantitative analysis of social media usage patterns and their correlation with civic engagement metrics. The findings reveal that digital communication significantly enhances transparency and accountability in governance by facilitating real-time feedback and dialogue between citizens and governmental institutions. Social media platforms have emerged as critical arenas for political discourse, mobilization, and activism, enabling citizens to voice their opinions and organize collective actions rapidly. This has been particularly evident in recent movements advocating for social justice, anti-corruption, and electoral reforms, where digital tools have played a pivotal role in amplifying marginalized voices and challenging prevailing power dynamics. Moreover, the research identifies several challenges posed by the increasing reliance on digital communication in political contexts. Misinformation and disinformation campaigns have become prevalent, undermining public trust and leading to political polarization. Additionally, issues of digital literacy and access exacerbate existing inequalities, as not all demographics can fully participate in this digital transformation. Leadership styles have also had to adapt to this new landscape, with political leaders increasingly utilizing digital platforms to communicate directly with constituents, often bypassing traditional media. The implications of this study are significant for understanding the evolving nature of governance and political engagement in Nigeria. It underscores the need for developing robust digital literacy programs, promoting responsible digital citizenship, and strengthening regulatory frameworks to ensure fair and equitable access to digital communication tools. Ultimately, this research contributes to the broader discourse on the interplay of technology and democracy, highlighting how digital communication can both empower democratic processes and present new challenges that require adaptive governance and innovative leadership strategies in Nigeria and beyond. |
| Keywords: | Digital Communication, Governance, Political Dynamics, Leadership, Nigerian Politics, Digital Media Influence, Political Communication, E-Governance in Nigeria, Digital Leadership, Political Participation, Social Media in Politics, Digital Technology in Governance |
| JEL: | M0 M00 Z0 Z00 Z10 Z18 Z19 |
| Date: | 2025–01–12 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:123310 |