Artificial intelligence and unemployment in high-tech developed countries: New insights from dynamic panel data model
This study examines the effect of artificial intelligence on unemployment in high-tech developed countries. While artificial intelligence is more discussed in futuristic aspects, comprehensive empirical studies are limited in the literature. Therefore, this study uses the dataset, which includes 24 high-tech developed countries from 2005 to 2021 and examines the relationship between a country's Google Trend Index related to AI and the unemployment rate. In the empirical approach, we control the dynamic effect of unemployment by using dynamic panel data and GMM-system estimation to determine the effect of AI on unemployment. The main results show that artificial intelligence decreases the level of unemployment, and the 'displacement effect' of AI is validated.
| Year of publication: |
2023
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|---|---|
| Authors: | Guliyev, Hasraddin |
| Published in: |
Research in Globalization. - ISSN 2590-051X. - Vol. 7.2023, p. 1-7
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| Publisher: |
Amsterdam : Elsevier |
| Subject: | Artificial intelligence | Dynamic panel data | Unemployment |
Saved in:
| Type of publication: | Article |
|---|---|
| Type of publication (narrower categories): | Article |
| Language: | English |
| Other identifiers: | 10.1016/j.resglo.2023.100140 [DOI] 1886800537 [GVK] hdl:10419/331067 [Handle] |
| Classification: | F22 - International Migration ; C23 - Models with Panel Data ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements |
| Source: |
Persistent link: https://www.econbiz.de/10015520006