---
_id: '33220'
abstract:
- lang: eng
  text: <jats:title>Abstract</jats:title><jats:p>We provide a partial equilibrium
    model wherein AI provides abilities combined with human skills to provide an aggregate
    intermediate service good. We use the model to find that the extent of automation
    through AI will be greater if (a) the economy is relatively abundant in sophisticated
    programs and machine abilities compared to human skills; (b) the economy hosts
    a relatively large number of AI-providing firms and experts; and (c) the task-specific
    productivity of AI services is relatively high compared to the task-specific productivity
    of general labor and labor skills. We also illustrate that the contribution of
    AI to aggregate productive labor service depends not only on the amount of AI
    services available but on the endogenous number of automated tasks, the relative
    productivity of standard and IT-related labor, and the substitutability of tasks.
    These determinants also affect the income distribution between the two kinds of
    labor. We derive several empirical implications and identify possible future extensions.</jats:p>
article_number: '12'
author:
- first_name: Thomas
  full_name: Gries, Thomas
  id: '186'
  last_name: Gries
- first_name: Wim
  full_name: Naudé, Wim
  last_name: Naudé
citation:
  ama: Gries T, Naudé W. Modelling artificial intelligence in economics. <i>Journal
    for Labour Market Research</i>. 2022;56(1). doi:<a href="https://doi.org/10.1186/s12651-022-00319-2">10.1186/s12651-022-00319-2</a>
  apa: Gries, T., &#38; Naudé, W. (2022). Modelling artificial intelligence in economics.
    <i>Journal for Labour Market Research</i>, <i>56</i>(1), Article 12. <a href="https://doi.org/10.1186/s12651-022-00319-2">https://doi.org/10.1186/s12651-022-00319-2</a>
  bibtex: '@article{Gries_Naudé_2022, title={Modelling artificial intelligence in
    economics}, volume={56}, DOI={<a href="https://doi.org/10.1186/s12651-022-00319-2">10.1186/s12651-022-00319-2</a>},
    number={112}, journal={Journal for Labour Market Research}, publisher={Springer
    Science and Business Media LLC}, author={Gries, Thomas and Naudé, Wim}, year={2022}
    }'
  chicago: Gries, Thomas, and Wim Naudé. “Modelling Artificial Intelligence in Economics.”
    <i>Journal for Labour Market Research</i> 56, no. 1 (2022). <a href="https://doi.org/10.1186/s12651-022-00319-2">https://doi.org/10.1186/s12651-022-00319-2</a>.
  ieee: 'T. Gries and W. Naudé, “Modelling artificial intelligence in economics,”
    <i>Journal for Labour Market Research</i>, vol. 56, no. 1, Art. no. 12, 2022,
    doi: <a href="https://doi.org/10.1186/s12651-022-00319-2">10.1186/s12651-022-00319-2</a>.'
  mla: Gries, Thomas, and Wim Naudé. “Modelling Artificial Intelligence in Economics.”
    <i>Journal for Labour Market Research</i>, vol. 56, no. 1, 12, Springer Science
    and Business Media LLC, 2022, doi:<a href="https://doi.org/10.1186/s12651-022-00319-2">10.1186/s12651-022-00319-2</a>.
  short: T. Gries, W. Naudé, Journal for Labour Market Research 56 (2022).
date_created: 2022-08-29T06:43:37Z
date_updated: 2022-08-30T07:37:57Z
department:
- _id: '475'
- _id: '200'
- _id: '202'
doi: 10.1186/s12651-022-00319-2
intvolume: '        56'
issue: '1'
keyword:
- General Medicine
language:
- iso: eng
publication: Journal for Labour Market Research
publication_identifier:
  issn:
  - 2510-5019
  - 2510-5027
publication_status: published
publisher: Springer Science and Business Media LLC
status: public
title: Modelling artificial intelligence in economics
type: journal_article
user_id: '135'
volume: 56
year: '2022'
...