Scholars, and not only, believe that Artificial Intelligence will be among the main sources of innovation in the years to come. A relevant issue involves understanding the impact that these technologies have on productivity. Indeed, the stylized facts related to past introductions of disruptive innovations such as the industrial revolution and the mechanization of agriculture, suggest that the automation of existing tasks produced extraordinary increases in productivity (Acemoglu & Restrepo, 2019). In order to assess the growth potential of this new wave of innovation, we study the impact of AI technologies on total factor productivity, TFP, We analyse improvements in productivity that originate from firms that have patented AI technologies, In particular, we exploit a novel data set on AI patents at the firm level to analyze whether the extent with which firms develop AI technologies positively affects productivity and wages. Also, we draw attention to e-commerce and fintech firms which are more extensively adopting AI.
BASSETTI Thomas;
BORBON GALVEZ Yari;
DEL SORBO Maria;
PAVESI Filippo;
2020-11-05
Publications Office of the European Union
JRC122268
978-92-76-24693-0 (online),
978-92-76-24694-7 (print),
1831-9424 (online),
1018-5593 (print),
EUR 30428 EN,
OP KJ-NA-30428-EN-N (online),
OP KJ-NA-30428-EN-C (print),
https://publications.jrc.ec.europa.eu/repository/handle/JRC122268,
10.2760/333292 (online),
10.2760/448034 (print),
