The employment impact of AI technologies among AI innovators

Giacomo Damioli (), Vincent Van Roy, Daniel Vertesy and Marco Vivarelli ()

No 722270, Working Papers of Department of Management, Strategy and Innovation, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven

Abstract: This study supports the labour-friendly nature of product innovation among developers of artificial intelligence (AI) technologies. GMM-SYS estimates on a worldwide longitudinal dataset covering 3,500 companies that patented inventions related to AI technologies over the period 2000-2016 show a positive and significant impact of AI patent families on employment. The effect is small in magnitude and limited to service sectors and younger firms, which are front-runners of the AI revolution. We also detect some evidence of increasing returns suggesting that innovative companies more focused on AI technologies are those obtaining larger impacts in terms of job creation.

Keywords: Innovation; technological change; artificial intelligence; patents; employment; job-creation (search for similar items in EconPapers)
Pages: 36
Date: 2023-07-12
New Economics Papers: this item is included in nep-ain, nep-ent, nep-ino, nep-sbm and nep-tid
Note: paper number MSI_2306
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Published in FEB Research Report MSI_2306, pages 1-36

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Persistent link: https://EconPapers.repec.org/RePEc:ete:msiper:722270

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