Advances in AI will boost productivity, living standards over time

Lillian Derr and Mark Wynne

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Artificial intelligence offers the potential to improve people’s living standards. Such advances can be approximated by changes in GDP per capita over time. Using that common measure, AI could enhance longstanding productivity gains or, alternatively, drastically alter the economy in relatively short order.

Keywords: artificial intelligence (AI); innovation; productivity; technology (search for similar items in EconPapers)
Date: 2025-06-24
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