On the Impact of Artificial Intelligence on Economy
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Abstract
Rapid advancements in artificial intelligence (AI) will have a dramatic impact on the global economy. This paper provides a systematic review of the economic impact of AI, focusing on the promotion of AI on productivity and economic growth; the impact of AI on labor employment; and the question of whether AI will increase income inequality. On this basis, a summary of how to implement public policies to reduce the potential negative impacts of AI on the employment structure and income inequality is provided. Finally, a summary and prospective research directions are provided.
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Artificial Intelligence, Economic Growth, Employment, Inequality of Income
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