Artificial intelligence and productivity: an intangible assets approach. (23rd September 2021)

• Record Type: Journal Article
• Authors: Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cecilia
• Is Part Of: Oxford review of economic policy. Volume 37:Number 3(2021)
• Page Start: 435
• Page End: 458
• Publication Date: 2021-09-23
• Subjects: productivity growth -- intangibles -- AI; Economic policy -- Periodicals; 338.9005
• DOI: 10.1093/oxrep/grab018
• Languages: English
• ISSNs: 0266-903X

Abstract

Abstract: Can artificial intelligence (AI) raise productivity? If we regard AI as a combination of software, hardware, and database use, then it can be modelled as a combination of the deployment of intangible and tangible assets. Since some are measured and some are not, then conventional productivity analysis might miss the contribution of AI. We set out whether there is any evidence to support this view.