The Artificial Intelligence Technology: Evidence from Chinese economy
DOI:
https://doi.org/10.31150/ajshr.v3i4.1007Keywords:
Artificial intelligence, Chinese economy, robotics economic growthAbstract
This work examined artificial intelligence (AI) influences an economy in China. AI plays an increasingly important role in our economy. AI has the potential to become the engine of productivity and economic growth. AI stands for simulating human intelligence in machines programmed for human-like-thinking replicating their actions. This paper basically spins around ideas and uses of AI in Chinese economy. There are evidences, we reviewed, showing that AI affects economy significantly. This work used a literary survey to collect data and information from different resources. To collect AI data, we depended on the international organizations’ statistics related to AIeconomic performance correlations. International Federation of Robotics, Tortoise Media and McKinsey Global Institute is the latter category that belong to specific data sources. This work examined the influence of AI on China’s economic activity and the industrial structure in this relationship
References
Aghion, P., Jones, B. F., & Jones, C. I. (2019). Artificial Intelligence and Economic Growth, In: Agrawal, A. et al.(eds.).The Economics ofArtificial Intelligence : an Ageda, National Bureau of Economic Research, University of Chicago Press: 237 – 282.Retrieved fromhttps://www.nber.org/books-and-chapters/economics-artificial-intelligence-agenda/artificial-intelligence-and-economic-growth
Agrawa, A.K., Gans, J.S. & Goldfarb, A. (2016). Prediction Machines: The Simple Economics of Artificial Intelligence, Harvard Business Review Press, Boston. Retrieved from https://hbr.org/2016/11/the-simple-economics-of-machine-intelligence
Akaev A. A., Rudskoi A.I, (2017), Economic Potential of Breakthrough Technologies and Its Social Consequences, in Industry 4.0, Springer International Publishing: 13-41. Retrieved from https://link.springer.com/chapter/10.1007/978-3-319-49604-7_2
Alonezi, N. A. & Al-Dhlan, K.A. (2021). The Impact of Robotics in the Economic of the Industrial Countries: Comprehensive Study, IJRP, 83 (1): 69-74. Retrieved from https://doi.org/10.47119/IJRP100831820212208
Chen, N., et al. (2016). Global Economic Impacts Associated with Artificial Intelligence, Analysis Group, Inc. Retrieved from https://www.semanticscholar.org/paper/Global-Economic-Impacts-Associated-with-Artificial-Chen-Christensen/ebc73c75f7aba486751a20257a3134c777afd255
Corrado, C., Haskel, J., & Jona-Lasinio, C. (2021). Artificial intelligence and Productivity: an Intangible Assets Approach, Oxford Review of Economic Policy, 37 ( 3): 435–458.Retrieved from https://academic.oup.com/oxrep/article/37/3/435/6374681
Dobrescu, E.M & Dobrescu,E.M (2018). Artificial intelligence- the Technology that Shapes the World, Institute for World Economy of the Romanian Academy, 6(2): 71-81. Retrieved from http://www.globeco.ro/wp content/uploads/vol/split/vol_6_no_2/geo_2018_vol6_no2_art_006.pdf
Donepudi, P. K., Ahmed, A. A., Saha, S. (2020).Emerging Market Economy and Artificial Intelligence: Consequences for the Future of Jobs,PJAEE,17(6):5562-5574. Retrieved from http://dx.doi.org/10.5281/zenodo.5562662
Fan,D., & Liu, K. (2021). The Relationship between Artificial Intelligence and China’s Sustainable Economic Growth: Focused on the Mediating Effects of Industrial Structural Change, Sustainability Journal,MDPI, 13, 11542. Retrieved from https://doi.org/10.3390/su132011542
Frey, C.B., Osborne, M.A. (2017). The Future of Employment: how Susceptible are Jobs to Computerisation?, Technological Forecasting and Social Change, 114 : 254-280.Retrieved from https://www.sciencedirect.com/science/article/abs/pii/S0040162516302244
Furman, J. & Seamans, R.( 2018). AI and the Economy, the National Bureau of Economic Research. Working Paper 24689. Retrieved from https://www.nber.org/system/files/working_papers/w24689/w24689.pdf
Grinyaev, S. N., et al.( 2021).The Role of Artificial Intelligence Technologies in long-term Socio-economic Development and Integrated Security, Periodicals of Engineering and Natural Sciences,9 ( 3): 153-168.Retrieved from http://pen.ius.edu.ba/index.php/pen/article/view/2109/866
Haldane, A. (2015). Labour’s Share - speech by Andy Haldane, Bank of England, Speech of the Chief Economist, 12 November.Retrieved from https://www.bankofengland.co.uk/speech/2015/labours-share
Hu, L., Chen, Z., & Chen, Z. (2021). Impact of Artificial Intelligence on Economic Development, Proceedings of Business and Economic Studies, 4 (5): 71-77. Retrieved from http://ojs.bbwpublisher.com/index.php/PBES/article/view/2648
IFR (2018). Robot Installations by Country.Retrieved from https://ifr.org
IFR (2021).China Aims for Global Leadership in Robotics with new 5-year Plan,https://ifr.org/ifr-press-releases/news/china-aims-for-global-leadership-in-robotics
McKinsey Global Institute ( 2017). Jobs lost, jobs gained: Workforce Transitions in a Time of Automation .Retrieved from https://www.mckinsey.com/~/media/mckinsey/industries/public%20and%20social%20sector/our%20insights/what%20the%20future%20of%20work%20will%20mean%20for%20jobs%20skills%20and%20wages/mgi-jobs-lost-jobs-gained-executive-summary-december-6-2017.pdf
McKinsey Global Institute (2017). Artificial intelligence: Implications for China. Retrieved from https://www.mckinsey.com/~/media/mckinsey/featured%20insights/china/artificial%20intelligence%20implications%20for%20china/mgi-artificial-intelligence-implications-for-china.pdf
Marr, B. (2017). The 4th Industrial Revolution And A Jobless Future - A Good Thing?, Forbes, March 3.Retrieved from https://www.forbes.com/sites/bernardmarr/%202017/03/03/the-4th-industrial-revolution-and-a-jobless-future-a-good-thing/#%20175bfabd44a5
Pticek, M. & Dobrinic, D. (2019). Impact of Artificial Intelligence on Purchasing Decisions, 47th International Scientific Conference on Economic and Social Development – Prague, 14-15 November.Retrieved from https://www.proquest.com/openview/5a9d149cd8981306b2c0bf7174032dd8/1.pdf?pq-origsite=gscholar&cbl=2033472
Romer, P. (1990). Endogenous Technological Change. Journal of Political Economy, 98 (5): 71-102. University of Chicago Press. Retrieved from https://www.jstor.org/stable/2937632
Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70 (1) : 65-94. Oxford University Press. Retrieved from https://www.jstor.org/stable/1884513
Tchamekwen, A. M., & Xicang, Z.( 2019). Analysis of the Impact of Digital Technologies on Chinese Economic Growth, Journal of Economics and Sustainable Development, 10 (8).pp. 111-118. Retrieved from https://doi.org/10.7176/JESD
Tortoise Media (2019). The Global AI Index. Retrieved from https://www.tortoisemedia.com/intelligence/global-ai/
Vermeulen, B., Pyka, A.& Omeroviv. M. (2017). The Economic Impact of Robotics and Artificial Intelligence, REELER Working Paper Series, working paper no. 6, version no. 1. Retrieved from https://responsiblerobotics.eu/wp-content/uploads/2019/12/wp6.pdf
Westervelt, E. (2019) How China's Artificial Intelligence Strategy Stacks Up Against U.S. Investments. Retrieved from https://www.wbur.org/hereandnow/2019/02/25/china-artificial-intelligence
Zhou, et al.( 2020). The effect of artificial intelligence on China’s labor Market, Routledge, China Economic Journal, 13(1): 24-41. Retrieved from https://doi.org/10.1080/17538963.2019.1681201
