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Korean Journal of Artificial Intelligence / Korean Journal of Artificial Intelligence, (E)2508-7894
2019, v.7 no.1, pp.17-22
https://doi.org/https://doi.org/10.24225/kjai.2019.7.1.17
HE, Yugang
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Abstract

The rapid development of artificial intelligence technology has exerted a great influence on all fields of the world, which of course also affects the world economy. This has also aroused a large number of economists' interest in this proposition. Since the definition of artificial intelligence is not unified yet, the results from previous researches are not reliable enough. At present, most scholars use the neoclassical growth model or task-based model to explore the path of artificial intelligence on economic variables. There into, most of them use the degree of automation to represent the artificial intelligence. They find that the degree of automation can change the proportion of industries. This only verifies that artificial intelligence can affect the economic variables. But the magnitude of artificial intelligence on economic variables can not be correctly estimated. Therefore, in order to have a better understanding on the impact of artificial intelligence on economic growth, this paper systematically reviews and collates previous literature on this topic. The results of this paper indicate that both in theoretical and empirical studies, artificial intelligence has a positive effect on economic growth. Then, some suggestions and limitations have also been put forward accordingly.

keywords
Artificial Intelligence, Economic Growth, Theoretical and Empirical Studies

Korean Journal of Artificial Intelligence