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The Effect of Artificial Intelligence on Economic Growth: Evidence from Cross-Province Panel Data 원문보기

Korean Journal of Artificial Intelligence = 인공지능연구, v.7 no.2, 2019년, pp.9 - 12  

HE, Yugang (Department of International Trade, Jeonbuk National University)

Abstract ▼ AI-Helper 아이콘AI-Helper

With the Chinese government's attention to the artificial intelligence industry, the Chinese government has invested a lot in it recently. Of course, the importance of artificial intelligence industry for China's economic development is increasingly significant. The advent of artificial intelligence...

주제어

#Artificial Intelligence   #Economic Growth   #Cross-Province Panel Data   #Econometric Methods  

AI 본문요약
AI-Helper 아이콘 AI-Helper

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가설 설정

  • Based on some previous literature, we propose the following hypotheses. H1: Brynjolfsson and McAfee (2014) find that the second machine revolution which is based on artificial intelligence and digital revolution will realize unprecedented technological progress which can promote the economic growth. Therefore, we hypothesize that artificial intelligence is positively related to economic growth.
  • Therefore, we hypothesize that artificial intelligence is positively related to economic growth. H2: Based on the research of Mankiw, Romer and Weil (1992), we hypothesize that investment is positively related to economic growth. H3: Based on the research of Barro (2001), we hypothesize that government is negatively related to economic growth.
  • H2: Based on the research of Mankiw, Romer and Weil (1992), we hypothesize that investment is positively related to economic growth. H3: Based on the research of Barro (2001), we hypothesize that government is negatively related to economic growth. H4: Based on the research of Foster and Rosenzweig (2003), we hypothesize that consumption is positively related to economic growth.
  • H3: Based on the research of Barro (2001), we hypothesize that government is negatively related to economic growth. H4: Based on the research of Foster and Rosenzweig (2003), we hypothesize that consumption is positively related to economic growth. H5: Based on the research of Valdovinos (2003), we hypothesize that inflation is negatively related to economic growth.
  • H4: Based on the research of Foster and Rosenzweig (2003), we hypothesize that consumption is positively related to economic growth. H5: Based on the research of Valdovinos (2003), we hypothesize that inflation is negatively related to economic growth.
  • They find that endogenous growth theory can well explain the positive impact of endogenous technological progress on balanced growth. Therefore, in this paper, we hypothesize that artificial intelligence plays an important role in promoting technological progress in an economy. Namely, artificial intelligence has a positive effect on economic growth.
  • H1: Brynjolfsson and McAfee (2014) find that the second machine revolution which is based on artificial intelligence and digital revolution will realize unprecedented technological progress which can promote the economic growth. Therefore, we hypothesize that artificial intelligence is positively related to economic growth. H2: Based on the research of Mankiw, Romer and Weil (1992), we hypothesize that investment is positively related to economic growth.
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참고문헌 (13)

  1. Acemoglu, D., & Restrepo, P. (2016). The race between machines and humans: Implications for growth, factor shares and jobs. 

  2. Aghion, P., & Howitt, P. (1991). Unemployment: a symptom of stagnation or a side-effect of growth?, European Economic Review, 35(2-3), 535-541. 

    상세보기 crossref

  3. Aghion, P., Jones, B. F., & Jones, C. I. (2017). Artificial intelligence and economic growth (No. w23928). National Bureau of Economic Research. 

  4. Barro, R. J. (2001). Human capital and growth. American economic review, 91(2), 12-17. 

    상세보기 crossref

  5. Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work. Progress, and Prosperity in a Time of Brilliant Technologies, New York. 

  6. Foster, A. D., & Rosenzweig, M. R. (2003). Economic growth and the rise of forests. The Quarterly Journal of Economics, 118(2), 601-637. 

    상세보기 crossref

  7. Grossman, G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European economic review, 35(2-3), 517-526. 

    상세보기 crossref

  8. Hanson, R. (2001). Economic growth given machine intelligence. Technical Report, University of California, Berkeley. 

  9. Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. The quarterly journal of economics, 107(2), 407-437. 

    상세보기 crossref

  10. Romer, P. M. (1990). Endogenous technological change. Journal of political Economy, 98(5, Part 2), S71-S102. 

    상세보기 crossref

  11. Valdovinos, C. G. F. (2003). Inflation and economic growth in the long run. Economics Letters, 80(2), 167-173. 

    상세보기 crossref

  12. Xu, Z. (2000). Financial development, investment, and economic growth. Economic inquiry, 38(2), 331-344. 

    상세보기 crossref

  13. Zeira, J. (1998). Workers, machines, and economic growth. The Quarterly Journal of Economics, 113(4), 1091-1117. 

    상세보기 crossref

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