The Relationship Between Artificial Intelligence, Big Data, and Unemployment : New Insights from Dynamic Panel Data Model of the G7 Countries

This study examines the effect of artificial intelligence and big data technologies on unemployment in the G7 countries, using a theoretical model that is also encouraged empirically. Artificial intelligence big data technologies are more discussed futuristic aspects in the literature, there are no widely empirical studies. In the empirical approach, we follow the dynamic effect of unemployment by using panel data GMM-system estimations. The dataset includes the period 2005–2020 and contains G7 countries. This study is examined the effect of new technologies on unemployment discover the relationship between a country's Google Trend Index (GIT) related to Big Data and AI and their unemployment rate. The main results show that artificial intelligence and big data technologies decrease the level of unemployment and the ‘‘displacement effect’’ of jobs is validated