How Any Why Artificial Intelligence Impacts Economy Growth

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The Economics Of Artificial Intelligence

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Author : Ajay Agrawal
language : en
Publisher: University of Chicago Press
Release Date : 2024-03-05

The Economics Of Artificial Intelligence written by Ajay Agrawal and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-05 with Business & Economics categories.

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

The Economics Of Artificial Intelligence

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Author : Ajay Agrawal
language : en
Publisher: University of Chicago Press
Release Date : 2019-06-07

The Economics Of Artificial Intelligence written by Ajay Agrawal and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-07 with Business & Economics categories.

Advances in artificial intelligence (AI) highlight the potential of this technology to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. It covers four broad themes: AI as a general purpose technology; the relationships between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. It explores the economic influence of machine learning, the branch of computational statistics that has driven much of the recent excitement around AI, as well as the economic impact of robotics and automation and the potential economic consequences of a still-hypothetical artificial general intelligence. The volume provides frameworks for understanding the economic impact of AI and identifies a number of open research questions. Contributors: Daron Acemoglu, Massachusetts Institute of Technology Philippe Aghion, Collège de France Ajay Agrawal, University of Toronto Susan Athey, Stanford University James Bessen, Boston University School of Law Erik Brynjolfsson, MIT Sloan School of Management Colin F. Camerer, California Institute of Technology Judith Chevalier, Yale School of Management Iain M. Cockburn, Boston University Tyler Cowen, George Mason University Jason Furman, Harvard Kennedy School Patrick Francois, University of British Columbia Alberto Galasso, University of Toronto Joshua Gans, University of Toronto Avi Goldfarb, University of Toronto Austan Goolsbee, University of Chicago Booth School of Business Rebecca Henderson, Harvard Business School Ginger Zhe Jin, University of Maryland Benjamin F. Jones, Northwestern University Charles I. Jones, Stanford University Daniel Kahneman, Princeton University Anton Korinek, Johns Hopkins University Mara Lederman, University of Toronto Hong Luo, Harvard Business School John McHale, National University of Ireland Paul R. Milgrom, Stanford University Matthew Mitchell, University of Toronto Alexander Oettl, Georgia Institute of Technology Andrea Prat, Columbia Business School Manav Raj, New York University Pascual Restrepo, Boston University Daniel Rock, MIT Sloan School of Management Jeffrey D. Sachs, Columbia University Robert Seamans, New York University Scott Stern, MIT Sloan School of Management Betsey Stevenson, University of Michigan Joseph E. Stiglitz. Columbia University Chad Syverson, University of Chicago Booth School of Business Matt Taddy, University of Chicago Booth School of Business Steven Tadelis, University of California, Berkeley Manuel Trajtenberg, Tel Aviv University Daniel Trefler, University of Toronto Catherine Tucker, MIT Sloan School of Management Hal Varian, University of California, Berkeley

Artificial Intelligence How Impacts Global Economy

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Author : Johnny Ch Lok
language : en
Publisher:
Release Date : 2020-01-16

Artificial Intelligence How Impacts Global Economy written by Johnny Ch Lok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-16 with categories.

In the future, if (AI) technology is an increasingly critical component of more products, it will become an integral part of necessary products of many people's lives. The extent of (AI)'s economy effort is also likely to vary from region to region, thought variation may be more dependent on the predominate economic activity of a region and the (AI) ability can influence economic activity, rather then the economic or developmental status of the regions. (AI) technology can move accessibility and can use source development to do international business between one country and another country. So (AI) technology has the potential to give benefits to different income chooses and to bring significant gains to both developed and developing countries. For agricultural technology, (AI) has the potential to optimize food production around the world by analyzing agricultural regions and identifying what is necessary to improve crop yield. In total, (AI) technology gives greater economic impact to any countries agricultural regions if which implemented (AI) technology to grow crop, fruit etc. food production in the farms.Investment in (AI) technology is such as capital investment to any countries' public or private enterprises. So, it will have large economic impact to the future . If the (AI) technology is reasonable invested to the different needs aspect by the public or private enterprises in the country. Then, it will have good economic impact to the country in the future. However, when (AI) technology is likely to affect both the productivity and employment components of economic growth in many sectors. Significant public debate has focused on projections of (AI)'s effect on the labor force. However, for instance, some researchers have argued that the rise of (AI) technology and automation will led to significant unemployment as capital is substituted for the low skillful labor. So, they point to the concern that the increasing sophistication of (AI) technology may balance skilled and semi-skilled workers and the reduce the size of the middle class. However, this is not a new argument, due to (AI) technology negatively affecting the labor force and leading to mass unemployment. Because the (AI) technology is the substitution of machinery for human labor. Although, employment in certain industries, has been reduced in the past due to technological advancement. For long term, the labor market has adapted to the introduction of new technology, giving rise to new jobs in new areas. (AI) technology may also be accomplished without a reduction to total employment in the long-term to some Asia countries, such as Hong Kong and Japan. Because Hong Kong and Japan many low skilled labor, e.g. security, cleaner who complaint that employers need them to work long time hours. ( abnormal working hours) e.g. one day 12 to 15 working hour per day. Hence, if (AI) machine means invention technology success. Security or cleaning job can be worked from (AI) machine man in some hours every day in order to reduce the long time working hours cleaners or security workers, e.g. one (AI) machine man works 4 hours for cleaning or security job, one day as well as another cleaner or security labor only needs to work 8 hours one day. So total security or cleaning employers can employ 12 hours machine cleaners or security workers and human cleaners or security workers in one day. For long term benefit, Hong Kong or Japan every security or cleaning worker does not need to work 12 hours minimum working hours one day. They won't feel tried and bore and without private with whose families, so who will accept to do these cleaning or security jobs, even they can raise work efficient and performance when who feel happy and health.

The Political Economy Of Digital Automation

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Author : Sreenath Majumder
language : en
Publisher: Routledge
Release Date : 2020-08-31

The Political Economy Of Digital Automation written by Sreenath Majumder and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-31 with Business & Economics categories.

With digital automation becoming ubiquitous, the relationship between man and machine is being redefined. This book, through a focus on America, identifies the tension this relationship has produced, and how it has divided America socially, politically, and economically, ultimately breeding two fundamentally incompatible nations within one: the “forgotten America” and “elite America.” This book enables the reader to visualize the changes brought by automation on our producer and buyer identities, and suggests policy changes that global leaders could adopt to deal with the increasing discord. The book is heavily dependent on a few fundamental concepts of both economics and sociology, such as globalization, labor economics, and cultural homogenization. The book is ideally suited to students and academics researching political economics and sociology, with focuses on globalization, unemployment, and the social impacts of technological advances.

Economics Of The Fourth Industrial Revolution

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Author : Nicholas Johnson
language : en
Publisher: Routledge
Release Date : 2020-10-25

Economics Of The Fourth Industrial Revolution written by Nicholas Johnson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-25 with Business & Economics categories.

This book applies cutting-edge economic analysis and social science to unpack the rich complexities and paradoxes of the Fourth Industrial Revolution. The book takes the reader on a bold, refreshing, and informative tour through its technological drivers, its profound impact on human ecosystems, and its potential for sustainable human development. The overarching message to the reader is that the Fourth Industrial Revolution is not merely something to be feared or survived; rather, this dramatic collision of technologies, disciplines, and ideas presents a magnificent opportunity for a generation of new pioneers to rewrite "accepted rules" and find new avenues to empower billions of people to thrive. This book will help readers to discern the difference between disruption and transformation. The reader will come away from this book with a deeply intuitive and highly contextual understanding of the core technological advances transforming the world as we know it. Beyond this, the reader will clearly appreciate the future impacts on our economies and social structures. Most importantly, the reader will receive an insightful and actionable set of guidelines to assist them in harnessing the Fourth Industrial Revolution so that both they and their communities may flourish. The authors do not primarily seek to make prescriptions for government policy, but rather to speak directly to people about what they can do for themselves, their families, and their communities to be future-proofed and ready to adapt to life in a rapidly evolving world ecosystem.

Robots And Ai

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Author : Lili Yan Ing
language : en
Publisher: Taylor & Francis
Release Date : 2022-06-13

Robots And Ai written by Lili Yan Ing and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-13 with Business & Economics categories.

Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation, and AI affect international growth, trade, productivity, employment, wages, and welfare. The book explains new approaches on how robots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises. This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

How Artificial Intelligence Development Influences Economic Growth

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Author : Johnny Ch LOK
language : en
Publisher:
Release Date : 2017-10-04

How Artificial Intelligence Development Influences Economic Growth written by Johnny Ch LOK and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-04 with categories.

This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future.In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether it can impact human job nature.In chapter two, I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market.In chapter three, I shall indicate how (AI) will influence global economic change.In chapter four, I shall indicate whether (AI) technology can impact service management industry.In chapter five, I shall indicate whether (AI) technology will influence digital industry economic change.In chapter six, I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing , even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether (AI) technology will impact our life and it will influence global economic change in our future.

Artificial Intelligence How To Raise Economic Growth

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Author : Johnny Ch Lok
language : en
Publisher:
Release Date : 2020-01-16

Artificial Intelligence How To Raise Economic Growth written by Johnny Ch Lok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-16 with categories.

⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production, due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction, it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists), due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others, and some jobs will be affected more than others, both negatively and positively. Finally, new jobs are likely to be directly created in areas, such as the development and supervision of (AI) as well as indirectly created in a range areas though out the economy as higher incomes lead to expanded demand.However, if (AI) technology could dominate global labor markets. If labor productivity increases, do not influence into wage increases, then the large economic gains brought about by (AI) technology could be increased wealth inequality, due to employers can reduce production cost, but workers ( labors) wages will not be increased, even will be decreased. Hence, it seems the (AI) technology will bring disadvantages to labor market to cause unemployment or reduce wages in possible, although it can reduce employer individual salary (wage) expenditure and it can raise productivity.⦁How can artificial intelligence impact global economy growth?

Artificial Intelligence In Economics And Finance Theories

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Author : Tankiso Moloi
language : en
Publisher: Springer Nature
Release Date : 2020-05-07

Artificial Intelligence In Economics And Finance Theories written by Tankiso Moloi and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-07 with Computers categories.

As Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificial intelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions. In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI.

Applications Of Artificial Intelligence In Business Education And Healthcare

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Author : Allam Hamdan
language : en
Publisher: Springer Nature
Release Date : 2021-07-12

Applications Of Artificial Intelligence In Business Education And Healthcare written by Allam Hamdan and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-12 with Technology & Engineering categories.

This book focuses on the implementation of Artificial Intelligence in Business, Education and Healthcare, It includes research articles and expository papers on the applications of Artificial Intelligence on Decision Making, Entrepreneurship, Social Media, Healthcare, Education, Public Sector, FinTech, and RegTech. It also discusses the role of Artificial Intelligence in the current COVID-19 pandemic, in the health sector, education, and others. It also discusses the impact of Artificial Intelligence on decision-making in vital sectors of the economy.