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The employment impact of AI technologies among AI innovators

Author

Listed:
  • Giacomo Damioli
  • Vincent Van Roy
  • Daniel Vertesy
  • Marco Vivarelli

Abstract

This study supports the labour-friendly nature of product innovation among developers of artificial intelligence (AI) technologies. GMM-SYS estimates on a worldwide longitudinal dataset covering 3,500 companies that patented inventions related to AI technologies over the period 2000-2016 show a positive and significant impact of AI patent families on employment. The effect is small in magnitude and limited to service sectors and younger firms, which are front-runners of the AI revolution. We also detect some evidence of increasing returns suggesting that innovative companies more focused on AI technologies are those obtaining larger impacts in terms of job creation.

Suggested Citation

  • Giacomo Damioli & Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2023. "The employment impact of AI technologies among AI innovators," Working Papers of Department of Management, Strategy and Innovation, Leuven 722270, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    • Handle: RePEc:ete:msiper:722270
    Note: paper number MSI_2306
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    File URL: https://lirias.kuleuven.be/retrieve/719443
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    More about this item

    Keywords

    Innovation; technological change; artificial intelligence; patents; employment; job-creation;
    All these keywords.

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