Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/316185 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
Working Paper No. 11.2025
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
While artificial intelligence (AI) adoption holds the potential to enhance business operations through improved forecasting and automation, its relation with average productivity growth remain highly heterogeneous across firms. This paper shifts the focus and investigates the impact of predictive artificial intelligence (AI) on the volatility of firms' productivity growth rates. Using firm-level data from the 2019 French ICT survey, we provide robust evidence that AI use is associated with increased volatility. This relationship persists across multiple robustness checks, including analyses addressing causality concerns. To propose a possible mechanisms underlying this effect, we compare firms that purchase AI from external providers ("AI buyers") and those that develop AI in-house ("AI developers"). Our results show that heightened volatility is concentrated among AI buyers, whereas firms that develop AI internally experience no such effect. Finally, we find that AI-induced volatility among "AI buyers" is mitigated in firms with a higher share of ICT engineers and technicians, suggesting that AI's successful integration requires complementary human capital.
Schlagwörter: 
Artificial intelligence
productivity growth volatility
coarsened exact matching
JEL: 
D20
J24
O14
O33
Dokumentart: 
Working Paper

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