Deciphering the AI Economy: A Mathematical Model Perspective

Davit Gondauri, Mikheil Batiashvili and Nino Enukidze

International Journal of Business and Management, 2024, vol. 19, issue 3, 146

Abstract: The economy in the modern world is greatly influenced by artificial intelligence (AI). The purpose of this paper is to determine the impact of AI quantitative relationships on the country's economic parameters, including GDP per Capita. Historical data analysis is used in the research. A new mathematical algorithm for the magnitude of a vector of technological level and AI factors has been developed. The study calculated the economic effect of AI on GDP per Capita. As a result of the analysis, it was revealed that there is a positive Pearson correlation between growth. On AI and GDP per Capita, that is, to increase GDP per Capita by 1%, an average increase of 23.9% in AI is required.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ccsenet.org/journal/index.php/ijbm/article/download/0/0/50079/54179 (application/pdf)
https://ccsenet.org/journal/index.php/ijbm/article/view/0/50079 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijbmjn:v:19:y:2024:i:3:p:146

Access Statistics for this article

More articles in International Journal of Business and Management from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().