1. The employment impact of AI technologies among AI innovators : MSI Discussion Paper MSI_2306
- Author
-
Damioli, Giacomo, Van Roy, Vincent, Vertesy, Daniel, and Vivarelli, Marco
- Subjects
patents ,employment ,technological change ,job-creation ,Innovation ,artificial intelligence - Abstract
This study supports the labour-friendly nature of product innovation among developers of artificial intelligence (AI) technologies. GMM-SYS estimates on a worldwide longitudinal dataset covering 3,500 companies that patented inventions related to AI technologies over the period 2000-2016 show a positive and significant impact of AI patent families on employment. The effect is small in magnitude and limited to service sectors and younger firms, which are front-runners of the AI revolution. We also detect some evidence of increasing returns suggesting that innovative companies more focused on AI technologies are those obtaining larger impacts in terms of job creation. ispartof: FEB Research Report MSI_2306 pages:1-36 status: published
- Published
- 2023