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Robot Productivity Boon Demands a Little Patience: Eco Pulse
Artificial Intelligence may take time to spread – and even longer to show up in official data
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Don’t give up on the robots just yet.
Artificial intelligence and machine learning are not currently driving major pickups in productivity and output, but that doesn’t mean they won’t, Erik Brynjolfsson at the Massachusetts Institute of Technology and Chad Syverson at the University of Chicago write in a new paper.
That’s the lead item in this week’s economic research roundup, which also summarizes studies on the dollar’s influence on global trade and a look at how the recession scarred trade. Check this column every Tuesday for summaries of new and pertinent studies from around the world.
Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics
Published November 2017
Available on the NBER website