Artificial intelligence and unemployment in high-tech developed countries: New insights from dynamic panel data model

Guliyev H.

Research in Globalization, vol.7, 2023 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 7
  • Nəşr tarixi: 2023
  • Doi nömrəsi: 10.1016/j.resglo.2023.100140
  • jurnalın adı: Research in Globalization
  • Jurnalın baxıldığı indekslər: Scopus
  • Açar sözlər: Artificial intelligence, Dynamic panel data, Unemployment
  • Adres: Bəli

Qısa məlumat

This study examines the effect of artificial intelligence on unemployment in high-tech developed countries. While artificial intelligence is more discussed in futuristic aspects, comprehensive empirical studies are limited in the literature. Therefore, this study uses the dataset, which includes 24 high-tech developed countries from 2005 to 2021 and examines the relationship between a country's Google Trend Index related to AI and the unemployment rate. In the empirical approach, we control the dynamic effect of unemployment by using dynamic panel data and GMM-system estimation to determine the effect of AI on unemployment. The main results show that artificial intelligence decreases the level of unemployment, and the ‘displacement effect’ of AI is validated.