Search Results
Working Paper
Artificial Intelligence Methods for Evaluating Global Trade Flows
International trade policies remain in the spotlight given the recent rethink on the benefits of globalization by major economies. Since trade critically affects employment, production, prices and wages, understanding and predicting future patterns of trade is a high-priority for decision making within and across countries. While traditional economic models aim to be reliable predictors, we consider the possibility that Artificial Intelligence (AI) techniques allow for better predictions and associations to inform policy decisions. Moreover, we outline contextual AI methods to decipher trade ...
Journal Article
Has AI Improved Productivity?
Research Spotlight on "Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform." Erik Brynjolfsson, Xiang Hui, and Meng Liu. National Bureau of Economic Research Working Paper No. 24917, August 2018.
Briefing
The Productivity Puzzle: AI, Technology Adoption and the Workforce
In 1987, economist Robert Solow said, "You can see the computer age everywhere but in the productivity statistics."1 This quote underscores the challenges in tracing the effects of information technology and automation on productivity and the economy at large. Understanding the role of technology in labor productivity growth remains an ongoing quest in economics, one made even more pertinent by recent advances in artificial intelligence (AI) as well as the further adoption of generative AI and large language models (LLMs).Estimates of the effect of AI on economic and productivity growth range ...