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Drivers of employment dynamics of AI innovators

Author

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  • Damioli, Giacomo
  • Van Roy, Vincent
  • Vértesy, Dániel
  • Vivarelli, Marco

Abstract

Based on an analysis of companies developing artificial intelligence (AI) technologies, this study offers fresh evidence on the role of innovation as one of the drivers of employment growth. GMM-SYS estimates on a worldwide longitudinal dataset covering 4,184 firms that patented inventions involving AI technologies between 2000 and 2016 show a positive and significant impact of AI patent families on employment. The effect, presumably of product innovations, is small in magnitude and limited to service sectors and younger firms, which are at the forefront of the leaders of the AI revolution. We also detect some evidence of increasing returns, suggesting that innovative companies more focused on AI technologies are achieving larger impacts in terms of job creation.

Suggested Citation

  • Damioli, Giacomo & Van Roy, Vincent & Vértesy, Dániel & Vivarelli, Marco, 2024. "Drivers of employment dynamics of AI innovators," Technological Forecasting and Social Change, Elsevier, vol. 201(C).
    • Handle: RePEc:eee:tefoso:v:201:y:2024:i:c:s0040162524000453
    DOI: 10.1016/j.techfore.2024.123249
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    Citations

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    Cited by:

    1. Giacomo Damioli & Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2024. "AI as a new emerging technological paradigm: evidence from global patenting," DISCE - Quaderni del Dipartimento di Politica Economica dipe0038, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    2. D'Al, Francesco & Santarelli, Enrico & Vivarelli, Marco, 2024. "The KSTE+I approach and the advent of AI technologies: evidence from the European regions," GLO Discussion Paper Series 1473, Global Labor Organization (GLO).
    3. D’Alessandro, Francesco & Santarelli, Enrico & Vivarelli, Marco, 2024. "The Knowledge Spillover Theory of Entrepreneurship and Innovation (KSTE+I) Approach and the Advent of AI Technologies: Evidence from the European Regions," IZA Discussion Papers 17206, Institute of Labor Economics (IZA).
    4. Damioli, Giacomo & Van Roy, Vincent & Vertesy, Daniel & Vivarelli, Marco, 2024. "Is Artificial Intelligence Generating a New Paradigm? Evidence from the Emerging Phase," IZA Discussion Papers 17183, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Innovation; Technological change; Artificial intelligence; Patents; Employment; Job-creation;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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