The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions

The Economic Impacts and the Regulation of AI: A Review of the Academic Literature and Policy Actions
READ MORE...
Volume/Issue: Volume 2024 Issue 065
Publication date: March 2024
ISBN: 9798400268588
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , Artificial Intelligence (AI) , labor market , task exposure , productivity , regulation , governance , , productivity effect , regulation of AI , AI system , AI model , AI technology , Artificial intelligence , Machine learning , Automation , Global

Summary

We review the literature on the effects of Artificial Intelligence (AI) adoption and the ongoing regulatory efforts concerning this technology. Economic research encompasses growth, employment, productivity, and income inequality effects, while regulation covers market competition, data privacy, copyright, national security, ethics concerns, and financial stability. We find that: (i) theoretical research agrees that AI will affect most occupations and transform growth, but empirical findings are inconclusive on employment and productivity effects; (ii) regulation has focused primarily on topics not explored by the academic literature; (iii) across countries, regulations differ widely in scope and approaches and face difficult trade-offs.