Can artificial intelligence (AI) raise productivity? If we regard AI as a combination of software, hardware, and database use, then it can be modelled as a combination of the deployment of intangible and tangible assets. Since some are measured and some are not, then conventional productivity analysis might miss the contribution of AI. We set out whether there is any evidence to support this view.
This paper was co-written by TPI member Jonathan Haskel and published in the Oxford Review of Economic Policy, Volume 37, Issue 3, Autumn 2021, Pages 435–458.