Take Action

Home | Faculty & Research Overview | Research

Research Details

Artificial Intelligence and Economic Growth


This paper examines the potential impact of artificial intelligence (AI) on economic growth. We model AI as the latest form of automation, a broader process dating back more than 200 years. Electricity, internal combustion engines, and semiconductors facilitated automation in the last century, but AI nowseems poised to automate many tasks once thought to be out of reach, from driving cars to making medical recommendations and beyond. How will this affect economic growth and the division of income between labor and capital? What about the potential emergence of ?singularities? and ?superintelligence,? concepts that animate many discussions in the machine-intelligence community? How will the linkages between AI and growth be mediated by firm-level considerations, including organization and market structure? The goal throughout is to refine a set of critical questions about AI and economic growth, and to contribute to shaping an agenda for the field. One theme that emerges is based on Baumol?s ?cost disease? insight: growth may be constrained not by what we are good at but rather by what is essential and yet hard to improve.


Book Chapter


Benjamin F. Jones, Philippe Aghion, Charles Jones

Date Published



Jones, Benjamin F., Philippe Aghion, and Charles Jones. 2019. Artificial Intelligence and Economic Growth.


Explore leading research and ideas

Find articles, podcast episodes, and videos that spark ideas in lifelong learners, and inspire those looking to advance in their careers.
learn more


Review Courses & Schedules

Access information about specific courses and their schedules by viewing the interactive course scheduler tool.


Discover the path to your goals

Whether you choose our Full-Time, Part-Time or Executive MBA program, you’ll enjoy the same unparalleled education, exceptional faculty and distinctive culture.
learn more