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Deciphering the AI Economy: A Mathematical Model Perspective

Author

Listed:
  • Davit Gondauri
  • Mikheil Batiashvili
  • Nino Enukidze

Abstract

The economy in the modern world is greatly influenced by artificial intelligence (AI). The purpose of this paper is to determine the impact of AI quantitative relationships on the country's economic parameters, including GDP per Capita. Historical data analysis is used in the research. A new mathematical algorithm for the magnitude of a vector of technological level and AI factors has been developed. The study calculated the economic effect of AI on GDP per Capita. As a result of the analysis, it was revealed that there is a positive Pearson correlation between growth. On AI and GDP per Capita, that is, to increase GDP per Capita by 1%, an average increase of 23.9% in AI is required.

Suggested Citation

  • Davit Gondauri & Mikheil Batiashvili & Nino Enukidze, 2024. "Deciphering the AI Economy: A Mathematical Model Perspective," International Journal of Business and Management, Canadian Center of Science and Education, vol. 19(3), pages 146-146, June.
    • Handle: RePEc:ibn:ijbmjn:v:19:y:2024:i:3:p:146
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    References listed on IDEAS

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    1. Ajay Agrawal & Joshua Gans & Avi Goldfarb, 2019. "The Economics of Artificial Intelligence: An Agenda," NBER Books, National Bureau of Economic Research, Inc, number agra-1, August.
    2. David H. Autor, 2015. "Why Are There Still So Many Jobs? The History and Future of Workplace Automation," Journal of Economic Perspectives, American Economic Association, vol. 29(3), pages 3-30, Summer.
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    Cited by:

    1. Laura Vasilescu & Mirela Sichigea & Cătălina Sitnikov & Laurențiu-Stelian Mihai, 2025. "Nexus Between Artificial Intelligence, Renewable Energy, and Economic Development: A Multi-Method Approach," Economies, MDPI, vol. 13(9), pages 1-36, September.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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