@article{ART003052629},
author={Dong Jin Lee},
title={The Effect of AI Development on the Economic Growth: The Case of South Korea},
journal={Analyses & Alternatives},
issn={2508-822X},
year={2024},
volume={8},
number={1},
pages={59-85},
doi={10.22931/aanda.2024.8.1.003}
TY - JOUR
AU - Dong Jin Lee
TI - The Effect of AI Development on the Economic Growth: The Case of South Korea
JO - Analyses & Alternatives
PY - 2024
VL - 8
IS - 1
PB - Korea Consensus Institute
SP - 59
EP - 85
SN - 2508-822X
AB - This study examines the impact of the development of the artificial intelligence (AI) industry on the economic growth of South Korea. The study uses variables such as the revenue and patent applications of AI-related companies, as well as industry-specific total factor productivity and GDP, to estimate the effects. The results suggest that the growth of the AI industry has a positive effect on the economic growth with a lag of about one year. Specifically, the effect of government AI revenue on GDP growth appears to be greater than that of private companies or consumer-focused AI revenue. This indicates that government policies aimed at promoting the diffusion of the AI industry have had significant effects. The study notes that the period covered by the AI industry survey data is relatively short, and there is a lack of detailed data for the manufacturing sector. I suggest that further improvements and accumulation of data could lead to more robust results.
KW - Economic growth;4th industrial revolution;AI;technological revolution;total factor productivity
DO - 10.22931/aanda.2024.8.1.003
ER -
Dong Jin Lee. (2024). The Effect of AI Development on the Economic Growth: The Case of South Korea. Analyses & Alternatives, 8(1), 59-85.
Dong Jin Lee. 2024, "The Effect of AI Development on the Economic Growth: The Case of South Korea", Analyses & Alternatives, vol.8, no.1 pp.59-85. Available from: doi:10.22931/aanda.2024.8.1.003
Dong Jin Lee "The Effect of AI Development on the Economic Growth: The Case of South Korea" Analyses & Alternatives 8.1 pp.59-85 (2024) : 59.
Dong Jin Lee. The Effect of AI Development on the Economic Growth: The Case of South Korea. 2024; 8(1), 59-85. Available from: doi:10.22931/aanda.2024.8.1.003
Dong Jin Lee. "The Effect of AI Development on the Economic Growth: The Case of South Korea" Analyses & Alternatives 8, no.1 (2024) : 59-85.doi: 10.22931/aanda.2024.8.1.003
Dong Jin Lee. The Effect of AI Development on the Economic Growth: The Case of South Korea. Analyses & Alternatives, 8(1), 59-85. doi: 10.22931/aanda.2024.8.1.003
Dong Jin Lee. The Effect of AI Development on the Economic Growth: The Case of South Korea. Analyses & Alternatives. 2024; 8(1) 59-85. doi: 10.22931/aanda.2024.8.1.003
Dong Jin Lee. The Effect of AI Development on the Economic Growth: The Case of South Korea. 2024; 8(1), 59-85. Available from: doi:10.22931/aanda.2024.8.1.003
Dong Jin Lee. "The Effect of AI Development on the Economic Growth: The Case of South Korea" Analyses & Alternatives 8, no.1 (2024) : 59-85.doi: 10.22931/aanda.2024.8.1.003
