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Cited by 483

The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.

AI and the Economy

Furman, Jason, Seamans, Robert·2019·Innovation Policy and the Economy

Abstract

We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of statistics—including robotics shipments, AI start-ups, and patent counts—there is evidence of a large increase in AI-related activity. We also review recent research in this area that suggests that AI and robotics have the potential to increase productivity growth but may have mixed effects on labor, particularly in the short run. In particular, some occupations and industries may do well while others experience labor market upheaval. We then consider current and potential policies around AI that may help to boost productivity growth while also mitigating any labor market downsides, including evaluating the pros and cons of an AI specific regulator, expanded antitrust enforcement, and alternative strategies for dealing with the labor market impacts of AI, including universal basic income and guaranteed employment.

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Crossref · 10.1086/699936

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Metadata

Authors
Furman, J., & Seamans, R.
Venue
Innovation Policy and the Economy
Published
2019-01
Volume
19
Pages
161-191
ISSN
  • 1531-3468 (ISSN-L)
  • 1537-2618
OpenAlex
W2806375370
Cited by
483
References
9
FWCI
25.20
Type
journal article
Language
en
Open access
closed

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.