Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/233078
Authors: 
Damioli, G.
Van Roy, V.
Vertesy, D.
Vivarelli, M.
Year of Publication: 
2021
Series/Report no.: 
GLO Discussion Paper No. 823
Abstract: 
This study investigates the possible job-creation impact of AI technologies, focusing on the supply side, namely the providers of the new knowledge base. The empirical analysis is based on a worldwide longitudinal dataset of 3,500 front-runner companies that patented the relevant technologies over the period 2000-2016. Obtained from GMM-SYS estimates, our results show a positive and significant impact of AI patent families on employment, supporting the labourfriendly nature of product innovation in the AI supply industries. However, this effect is small in magnitude and limited to service sectors and younger firms, which are the leading actors of the AI revolution. Finally, some evidence of increasing returns seems to emerge; indeed, the innovative companies which are more focused on AI technologies are those obtaining the larger impacts in terms of job creation.
Subjects: 
Innovation
technological change
patents
employment
job-creation
JEL: 
O33
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.