IDEAS home Printed from https://ideas.repec.org/p/oec/comaaa/15-en.html
   My bibliography  Save this paper

The impact of Artificial Intelligence on productivity, distribution and growth: Key mechanisms, initial evidence and policy challenges

Author

Listed:
  • Francesco Filippucci
  • Peter Gal
  • Cecilia Jona-Lasinio
  • Alvaro Leandro
  • Giuseppe Nicoletti

Abstract

This paper explores the economics of Artificial Intelligence (AI), focusing on its potential as a new General-Purpose Technology that can significantly influence economic productivity and societal wellbeing. It examines AI's unique capacity for autonomy and self-improvement, which could accelerate innovation and potentially revive sluggish productivity growth across various industries, while also acknowledging the uncertainties surrounding AI's long-term productivity impacts. The paper discusses the concentration of AI development in big tech firms, uneven adoption rates, and broader societal challenges such as inequality, discrimination, and security risks. It calls for a comprehensive policy approach to ensure AI's beneficial development and diffusion, including measures to promote competition, enhance accessibility, and address job displacement and inequality.

Suggested Citation

  • Francesco Filippucci & Peter Gal & Cecilia Jona-Lasinio & Alvaro Leandro & Giuseppe Nicoletti, 2024. "The impact of Artificial Intelligence on productivity, distribution and growth: Key mechanisms, initial evidence and policy challenges," OECD Artificial Intelligence Papers 15, OECD Publishing.
    • Handle: RePEc:oec:comaaa:15-en
    DOI: 10.1787/8d900037-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/8d900037-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/8d900037-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Artificial intelligence; Competition; Productivity;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:comaaa:15-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/paoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.