Type
Article
Title
Artificial Intelligence, Growth and Employment: The Role of Policy
In
Economie et statistique
Author(s)
AGHION Philippe - Harvard University (Author)
ANTONIN Céline - Observatoire français des conjonctures économiques (Author)
BUNEL Simon - (Author)
Editor
FR : Institut national de la statistique et des études économiques
Number
510-511-512
Pages
150 - 164 p.
ISSN
03361454
Keywords
Artificial intelligence, Growth, Automation, Robots, Employment
Abstract
EN
In this survey paper, we argue that the effects of artificial intelligence (AI) and automation on growth and employment depend to a large extent on institutions and policies. We develop a two‑fold analysis. In a first section, we survey the most recent literature to show that AI can spur growth by replacing labor by capital, both in the production of goods and services and in the production of ideas. Yet, we argue that AI may inhibit growth if combined with inappropriate competition policy. In a second section, we discuss the effect of robotization on employment in France over the 1994‑2014 period. Based on our empirical analysis on French data, we first show that robotization reduces aggregate employment at the employment zone level, and second that non‑educated workers are more negatively affected by robotization than educated workers. This finding suggests that inappropriate labor market and education policies reduce the positive impact that AI and automation could have on employment.

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