Abstract
AbstractRecent evidence indicates an upsurge in artificial intelligence and robotics (AI) patenting activities in the latest years, suggesting that solutions based on AI technologies might have started to exert an effect on the economy. We test this hypothesis using a worldwide sample of 5257 companies having filed at least a patent related to the field of AI between 2000 and 2016. Our analysis shows that, once controlling for other patenting activities, AI patent applications generate an extra-positive effect on companies’ labor productivity. The effect concentrates on SMEs and services industries, suggesting that the ability to quickly readjust and introduce AI-based applications in the production process is an important determinant of the impact of AI observed to date.
Funder
Horizon 2020 Framework Programme
Publisher
Springer Science and Business Media LLC
Subject
Economics, Econometrics and Finance (miscellaneous),General Business, Management and Accounting
Reference78 articles.
1. Acemoglu, A. D., & Restrepo, P. (2020). Robots and jobs: Evidence from US labor markets. Journal of Political Economy, 128, 2188–2244.
2. Acemoglu, A. D., & Restrepo, P. (2019a). Automation and new tasks: How technology displaces and reinstates labor’. Journal of Economic Perspectives, 33(2), 3–30.
3. Acemoglu, A. D., & Restrepo, P. (2019b). Artificial intelligence, automation and work. In A. Agrawal, J. Gans, & A. Goldfarb (Eds.), The economics of artificial intelligence: An agenda. Chicago: University of Chicago Press.
4. Acemoglu, A. D., & Restrepo, P. (2018). The race between man and machine:Implications of technology for growth, factor shares, and employment. American Economic Review, 108(6), 1488–1542.
5. Aghion, P, & Howitt, P. (1992). A model of growth through creative destruction. Econometrica, 60 (2), 323–51
Cited by
110 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献