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
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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Citations
Cites
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The impact of artificial intelligence on labor productivity
Damioli, G., Van Roy, V., & Vertesy, D. (2021) · Eurasian Business Review · doi:10.1007/s40821-020-00172-8 · Cited by 345
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Dell’Acqua, F., McFowland, E., Mollick, E., Lifshitz, H., Kellogg, K. C., Rajendran, S., Krayer, L., Candelon, F., & Lakhani, K. R. (2026) · Organization Science · doi:10.1287/orsc.2025.21838 · Cited by 1,189
The role of data for AI startup growth
Bessen, J., Impink, S. M., Reichensperger, L., & Seamans, R. (2022) · Research Policy · doi:10.1016/j.respol.2022.104513 · Cited by 102
Self-citationHow Artificial Intelligence Constrains the Human Experience
Valenzuela, A., Puntoni, S., Hoffman, D., Castelo, N., De Freitas, J., Dietvorst, B., Hildebrand, C., Huh, Y. E., Meyer, R., Sweeney, M. E., et al. (2024) · Journal of the Association for Consumer Research · doi:10.1086/730709 · Cited by 81
Cui, Z., Demirer, M., Jaffe, S., Musolff, L., Peng, S., & Salz, T. (2024) · doi:10.2139/ssrn.4945566 · Cited by 73
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Synergy Between AI and Robotics: A Comprehensive Integration
Ness, S., Shepherd, N. J., & Xuan, T. R. (2023) · Asian Journal of Research in Computer Science · doi:10.9734/ajrcos/2023/v16i4372 · Cited by 38
Montag, C., Becker, B., & Li, B. J. (2024) · Computers in Human Behavior: Artificial Humans · doi:10.1016/j.chbah.2024.100070 · Cited by 34
GDPR and the Importance of Data to AI Startups
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Self-citationZhan, E. S., Zheng, Q., Dong, C., & Thorson, E. (2025) · International Journal of Strategic Communication · doi:10.1080/1553118x.2025.2471527 · Cited by 22
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Large language models at work in China’s labor market
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“Artificial Intelligence, like previous technologies, is poised to impact the economy in various ways, potentially fostering economic growth and reshaping the labor market structure (Furman and Seamans 2019; Goldfarb, Taska, and Teodoridis 2023).”
Signs of consciousness in AI: Can GPT-3 tell how smart it really is?
Bojić, L., Stojković, I., & Jolić Marjanović, Z. (2024) · Humanities and Social Sciences Communications · doi:10.1057/s41599-024-04154-3 · Cited by 19
Measuring the Impact of Early-2025 AI on Experienced Open-Source Developer Productivity
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Metadata
- Authors
- Furman, J., & Seamans, R.
- Venue
- Innovation Policy and the Economy
- Publisher
- University of Chicago Press
- 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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