The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel … features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the … demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of …

in endogenous growth theory, but modified to allow for demand-side constraints. This is a novel approach, given that … inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … endogenous growth models, and including most recent work on AI in economic growth, are largely supply-driven.Our contribution is …

In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu … and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the … economic consequences of artificial intelligence (AI). This paper provides an alternative endogenous growth model that …

-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous … growth model by Acemoglu and Restrepo (AR) is a useful advance. However, it is subject to the shortcoming that it does not … AI abilities for use within endogenous growth models. This more ability-sensitive specification of the task …