Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/308355 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11459
Publisher: 
CESifo GmbH, Munich
Abstract: 
This paper examines the adoption of Artificial Intelligence (AI) among German firms, leveraging firm-level data from the ifo Business Survey. We analyze the diffusion of AI across sectors and firm sizes, showing a significant increase in AI usage from 2023 to 2024, particularly in manufacturing and services. The survey data allows us to explore not only sectoral patterns of adoption but also the drivers and barriers that firms face, including firm-specific characteristics and industry dynamics. Additionally, we investigate the role of managerial traits, such as risk tolerance and patience, in shaping AI adoption decisions. Finally, we assess the potential pro-ductivity impacts of AI at the firm level, with a focus on the expected long-term benefits of AI for different sectors of the German economy. Our findings contribute to the growing body of research on AI adoption by providing new evidence from a non-US context, offering valuable insights for both academia and politics.
Subjects: 
artificial intelligence
AI
ifo business survey
productivity
JEL: 
M15
O30
C83
L20
Document Type: 
Working Paper
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