IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2019i1p57-69.html
   My bibliography  Save this article

Development of the Global Market of Artificial Intelligence Systems

Author

Listed:
  • Evgenii Smirnov

    (State University of Management)

  • Sergey Lukyanov

    (State University of Management; Ural Federal University named after the first Russian President Boris Yeltsin, Saint-Petersburg State Universiry)

Abstract

We conducted a research on the global market of artificial intelligence systems and technologies and its new stage of development. The relevance of this research is caused by recent economic slowdown, structural changes and imbalances of the world economy. The need for creating a new base of economic development for successful companies’ and countries’ competition in the world market sharply increased. Thus, we aimed to identify critical parameters, trends and barriers for such market’s development. Scientific interest to artificial intelligence (AI) as a subject of economic research steadily increases. At least, in the medium term, new large corporations will appear unprecedentedly quickly in those world economy industries that form consumer demand for goods and services. In certain industries, for example, in automotive ones, the use of AI is limited by natural restrictions. In some developed countries the use of AI is connected with calls for improving competitiveness of their social and economic development models and with low rates of economic growth. Development of the world market of artificial intelligence systems is at transitional stage, giving new opportunitiesfor goods production improvement and economic growth all over the world. At the same time, the accruing foreign trade protectionism breaks global chains of added value and slows down dissemination of new technologies that promotes decline in productivity. Therefore effective instruments of the international cooperation are necessary for preserving past achievements. New system of competitive advantages and place of the world economy actors in the international division of labour has to be established. Developing the market of artificial intelligence systems will inevitably lead to searching for a new paradigm of national innovative systems’ advancement. This, in turn, will promote further aggravation of the competition between countries and between the largest multinational corporations. The AI and digital technologies has become a significant factor for the world economy development in the conditions of economic growth slowdown.; However, the positive effect from their implementation remains disputable. This factor will significantly define countries’ economic policy. In Russia, developments in the field of AI are promising, but their implementation demands complex institutional conditions.

Suggested Citation

  • Evgenii Smirnov & Sergey Lukyanov, 2019. "Development of the Global Market of Artificial Intelligence Systems," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 57-69.
    • Handle: RePEc:ura:ecregj:v:1:y:2019:i:1:p:57-69
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2019/March_2019/ERMarch2019_57_69.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrei Shleifer & Daniel Treisman, "undated". "Normal Countries: The East 25 Years After Communism," Working Paper 204036, Harvard University OpenScholar.
    2. Magro, Edurne & Wilson, James R., 2013. "Complex innovation policy systems: Towards an evaluation mix," Research Policy, Elsevier, vol. 42(9), pages 1647-1656.
    3. Bonin, Holger & Gregory, Terry & Zierahn, Ulrich, 2015. "Übertragung der Studie von Frey/Osborne (2013) auf Deutschland," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, volume 57, number 123310.
    4. Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Ákos, 2014. "Growth and Structural Transformation," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 855-941, Elsevier.
    5. Ceren Ozgen & Peter Nijkamp & Jacques Poot, 2012. "Immigration and innovation in European regions," Chapters, in: Peter Nijkamp & Jacques Poot & Mediha Sahin (ed.), Migration Impact Assessment, chapter 8, pages 261-298, Edward Elgar Publishing.
    6. Daniel Brou & Michele Ruta, 2011. "Economic Integration, Political Integration Or Both?," Journal of the European Economic Association, European Economic Association, vol. 9(6), pages 1143-1167, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Evgeny N. Smirnov & Sergey A. Lukyanov, 2020. "Imperatives of global digital platform management," Upravlenets, Ural State University of Economics, vol. 11(4), pages 59-69, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dennis C. Hutschenreiter & Tommaso Santini & Eugenia Vella, 2022. "Automation and sectoral reallocation," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 335-362, May.
    2. Till F. Hollstein & Kristian Estévez, 2017. "Industrial Policy and the Timing of Trade Liberalization," UB School of Economics Working Papers 2017/361, University of Barcelona School of Economics.
    3. Malgorzata Wachowska & Magdalena Homa, 2020. "The Role of Ethnic Diversity in Stimulating Innovation Processes: Comparative Analysis of Poland, the Czech Republic and Hungary," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 1157-1176.
    4. Jordi Molas-Gallart & Alejandra Boni & Sandro Giachi & Johan Schot, 2021. "A formative approach to the evaluation of Transformative Innovation Policies [The Need for Reflexive Evaluation Approaches in Development Cooperation]," Research Evaluation, Oxford University Press, vol. 30(4), pages 431-442.
    5. Gottlieb Charles & Grobovšek Jan & Poschke Markus & Saltiel Fernando, 2022. "Lockdown Accounting," The B.E. Journal of Macroeconomics, De Gruyter, vol. 22(1), pages 197-210, January.
    6. John E. Anderson, 2014. "Informal Payments to the Tax Collector in Transition Countries," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(2), pages 1-26, May.
    7. Alonso-Carrera, Jaime & Raurich, Xavier, 2015. "Demand-based structural change and balanced economic growth," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 359-374.
    8. Akama, Erick Maiko & Lokina, Razack & Mkenda, Beatrice Kalinda, 2023. "Clean production and Employment Outcomes: An Eco-efficiency Firm Level Analysis in Kenya," African Journal of Economic Review, African Journal of Economic Review, vol. 11(2), March.
    9. Henderson, Dylan & Roche, Neil, 2018. "From consensus to conflict in the regional policy mix for broadband deployment: examining the role of informal coordination," 29th European Regional ITS Conference, Trento 2018 184944, International Telecommunications Society (ITS).
    10. Edgar Cruz & Xavier Raurich, 2020. "Leisure time and the sectoral composition of employment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 198-219, October.
    11. Carlino, Gerald & Kerr, William R., 2015. "Agglomeration and Innovation," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 349-404, Elsevier.
    12. Fuchs-Schündeln, Nicola & Bick, Alexander & Lagakos, David & Tsujiyama, Hitoshi, 2019. "Why are Average Hours Worked Lower in Richer Countries?," CEPR Discussion Papers 14180, C.E.P.R. Discussion Papers.
    13. Böhm, Robert & Letmathe, Peter & Schinner, Matthias, 2023. "The monetary value of competencies: A novel method and case study in smart manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    14. Pierpaolo Parrotta & Dario Pozzoli & Mariola Pytlikova, 2014. "The nexus between labor diversity and firm’s innovation," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(2), pages 303-364, April.
    15. Gaeta, Davide & Begalli, Diego & Corsinovi, Paola, 2012. "The alignment of European Law in pre-candidate countries: the case of Bosnia and Herzegovina wine law," 126th Seminar, June 27-29, 2012, Capri, Italy 126100, European Association of Agricultural Economists.
    16. Caloffi, Annalisa & Freo, Marzia & Ghinoi, Stefano & Mariani, Marco & Rossi, Federica, 2022. "Assessing the effects of a deliberate policy mix: The case of technology and innovation advisory services and innovation vouchers," Research Policy, Elsevier, vol. 51(6).
    17. Andrés Rodríguez-Pose & Viola von Berlepsch, 2012. "When migrants rule: the legacy of mass migration on economic development in the US," Papers in Evolutionary Economic Geography (PEEG) 1216, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2012.
    18. L. Rachel Ngai & Barbara Petrongolo, 2017. "Gender Gaps and the Rise of the Service Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(4), pages 1-44, October.
    19. Balland, Pierre-Alexandre & Broekel, Tom & Diodato, Dario & Giuliani, Elisa & Hausmann, Ricardo & O'Clery, Neave & Rigby, David, 2022. "Reprint of The new paradigm of economic complexity," Research Policy, Elsevier, vol. 51(8).
    20. Bridgman, Benjamin & Duernecker, Georg & Herrendorf, Berthold, 2018. "Structural transformation, marketization, and household production around the world," Journal of Development Economics, Elsevier, vol. 133(C), pages 102-126.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2019:i:1:p:57-69. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.