Artificial intelligence has diffused rapidly in recent years, but its impact on aggregate productivity is not clear. This column uses data from original surveys to estimate the impact of AI on macroeconomic productivity in Japan. Using data on the use of AI in the workplace and its impact on work efficiency, it estimates a 0.5-0.6% boost to labour productivity at the macro level. The productivity impact is likely to grow over time, but with diminishing additional gains. Furthermore, higher […]
The impact of artificial intelligence on macroeconomic productivity | CEPR