Will the ai revolution be labour-friendly? some micro evidence from the supply side: Lessons from kyrgyzstan

Giacomo Damioli; Vincent Van Roy; Daniel Vertesy; Marco Vivarelli

Will the ai revolution be labour-friendly? some micro evidence from the supply side: Lessons from kyrgyzstan

Giacomo Damioli
, Vincent Van Roy
, Daniel Vertesy
, Marco Vivarelli

UNU-MERIT Research and Training Institute

Research output: Working paper / Preprint › Working paper

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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 labour-friendly 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.

Original language	English
Place of Publication	Maastricht
Publisher	UNU-MERIT
Publication status	Published - 20 Apr 2021

Publication series

Series	UNU-MERIT Working Papers
Number	016
ISSN	1871-9872

JEL classifications

e24 - "Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital"
o31 - Innovation and Invention: Processes and Incentives
o33 - "Technological Change: Choices and Consequences; Diffusion Processes"
o34 - Intellectual Property Rights

Keywords

Innovation
technological change
patents
employment
job-creation

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Cite this

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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 labour-friendly 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.",

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T1 - Will the ai revolution be labour-friendly? some micro evidence from the supply side

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AU - Van Roy, Vincent

AU - Vertesy, Daniel

AU - Vivarelli, Marco

PY - 2021/4/20

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N2 - 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 labour-friendly 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.

AB - 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 labour-friendly 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.

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KW - patents

KW - employment

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Will the ai revolution be labour-friendly? some micro evidence from the supply side: Lessons from kyrgyzstan

Abstract

Publication series

JEL classifications

Keywords

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