Deconstruct artificial intelligence's productivity impact: A new technological insight

IF 10.1 1区社会学 Q1 SOCIAL ISSUES Technology in Society Pub Date : 2024-11-01 DOI:10.1016/j.techsoc.2024.102752

Zhiyao Sun , Shuai Che , Jie Wang

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Abstract

Some viewpoints suggest that IT investment seems to fail to significantly stimulate enterprise productivity in some cases. Therefore, revealing the impact of AI on firm productivity is an important topic to analyze whether Solow's paradox can be valid in the digital age. Based on panel data of 3235 listed companies in China from 2007 to 2021, we comprehensively discuss the impact and mechanism of AI on firm productivity using fixed-effects model, systematic GMM model, and mediated-effects model. Key findings include: AI significantly improves firm productivity, especially in state-controlled, internationally minded, and innovative firms. Mitigating information asymmetry is a key channel, while specialized division of labor and independent green innovation are potential ones. Supply chain digital transformation policies enhance the productivity effect of AI, and AI shows green development benefits. Additionally, the dynamic decomposition effect shows that the productivity-enhancing effect of AI is slowing down in the long run. This research provides important insights into understanding AI's role in the digital age and holds significance for firms and policymakers.

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解构人工智能对生产力的影响：新的技术见解

一些观点认为，在某些情况下，信息技术投资似乎无法显著提高企业的生产率。因此，揭示人工智能对企业生产率的影响，是分析索洛悖论在数字时代是否成立的重要课题。基于2007-2021年中国3235家上市公司的面板数据，我们采用固定效应模型、系统GMM模型和中介效应模型，全面探讨了人工智能对企业生产率的影响及机制。主要结论包括人工智能极大地提高了企业生产率，尤其是国有控股企业、具有国际视野的企业和创新型企业。缓解信息不对称是关键渠道，专业化分工和自主绿色创新是潜在渠道。供应链数字化转型政策增强了人工智能的生产率效应，而人工智能则显示出绿色发展效益。此外，动态分解效应表明，从长期来看，人工智能的生产率提升效应正在放缓。这项研究为理解人工智能在数字时代的作用提供了重要见解，对企业和政策制定者具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Technology in Society Multiple-

CiteScore

17.90

自引率

14.10%

发文量

316

审稿时长

60 days

期刊介绍： Technology in Society is a global journal dedicated to fostering discourse at the crossroads of technological change and the social, economic, business, and philosophical transformation of our world. The journal aims to provide scholarly contributions that empower decision-makers to thoughtfully and intentionally navigate the decisions shaping this dynamic landscape. A common thread across these fields is the role of technology in society, influencing economic, political, and cultural dynamics. Scholarly work in Technology in Society delves into the social forces shaping technological decisions and the societal choices regarding technology use. This encompasses scholarly and theoretical approaches (history and philosophy of science and technology, technology forecasting, economic growth, and policy, ethics), applied approaches (business innovation, technology management, legal and engineering), and developmental perspectives (technology transfer, technology assessment, and economic development). Detailed information about the journal's aims and scope on specific topics can be found in Technology in Society Briefings, accessible via our Special Issues and Article Collections.