The impact of Artificial Intelligence on productivity, distribution and growth
Key mechanisms, initial evidence and policy challenges
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.
Published on April 16, 2024
In series:OECD Artificial Intelligence Papersview more titles