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Artificial intelligence: Social risks and economic opportunities

Author

Listed:
  • Dementiev, V.

    (Central Economics and Mathematics Institute of the Russian Academy of Sciences, Moscow, Russia)

Abstract

Due to the rapid improvement of artificial intelligence technology, the social risks associated with it are discussed. Alternative options for the development of artificial intelligence technology are considered. The definition of the way in which the relationship between humans and artificial intelligence will be built is highlighted as an urgent problem. The role of institutional factors in choosing this path is noted. Technological and institutional trajectories are considered dependent on whose interests are put at the forefront in shaping the direction of technological development. Different points of view regarding the impact of artificial intelligence on employment and economic growth are presented. The energy intensity of artificial intelligence technology is highlighted as a factor that can limit the economic growth achieved through the use of this technology. The experience of using microelectronic technologies is analyzed to determine the conditions favorable for the economic potential of artificial intelligence. The study is carried using data on the US economy. Special attention is paid to the periods when the private sector of this economy saw an increase in returns. The possibility of obtaining a synergistic effect by synchronizing the improvement of industrial artificial intelligence technologies in related industries is shown.

Suggested Citation

  • Dementiev, V., 2026. "Artificial intelligence: Social risks and economic opportunities," Journal of the New Economic Association, New Economic Association, vol. 70(1), pages 442-449.
    • Handle: RePEc:nea:journl:y:2026:i:70:p:442-449
    DOI: 10.31737/22212264_2026_1_442-449
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    References listed on IDEAS

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    Cited by:

    1. Polterovich, V., 2026. "Artificial intelligence and the development of collaboration mechanisms," Journal of the New Economic Association, New Economic Association, vol. 70(1), pages 420-426.
    2. Polterovich, Victor, 2026. "Искусственный Интеллект И Развитие Механизмов Сотрудничества [Artificial intelligence and the development of collaboration mechanisms]," MPRA Paper 128245, University Library of Munich, Germany.

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    Keywords

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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