{"department":[{"_id":"475"},{"_id":"200"},{"_id":"202"}],"volume":56,"publication_identifier":{"issn":["2510-5019","2510-5027"]},"author":[{"last_name":"Gries","full_name":"Gries, Thomas","id":"186","first_name":"Thomas"},{"first_name":"Wim","full_name":"Naudé, Wim","last_name":"Naudé"}],"publication_status":"published","date_created":"2022-08-29T06:43:37Z","doi":"10.1186/s12651-022-00319-2","abstract":[{"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>","lang":"eng"}],"title":"Modelling artificial intelligence in economics","date_updated":"2022-08-30T07:37:57Z","issue":"1","intvolume":"        56","type":"journal_article","keyword":["General Medicine"],"publisher":"Springer Science and Business Media LLC","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>","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} }","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>.","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>","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).","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>."},"article_number":"12","user_id":"135","year":"2022","status":"public","_id":"33220","publication":"Journal for Labour Market Research","language":[{"iso":"eng"}]}