scholarly journals Dynamic Evaluation and System Coordination Degree of the Integration of Artificial Intelligence and Real Economy

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Boxun Li
Keyword(s):  
Artificial Intelligence ◽  
Economic Development ◽  
Economic Efficiency ◽  
Market Failure ◽  
Production Efficiency ◽  
Consumer Surplus ◽  
Industrial Change ◽  
Real Economy ◽  
Government Failure ◽  
Economic Support

Artificial intelligence (AI) is an important driving force of the new round of technological revolution and industrial change, and the development of a new generation of AI can help improve comprehensive national power and promote healthy and sustainable economic development. AI can promote economic development through four ways. First, AI replaces labor, expands labor connotation, increases labor supply, and enriches labor wealth; AI empowers laborers and improves labor productivity. Second, AI empowers the three industries and improves production efficiency. Third, AI creates consumer surplus and improves social welfare. Fourth, AI empowers government to correct government failure and improve government efficiency, which in turn corrects market failure and improves economic efficiency. The economic subsystem covers both quantitative and qualitative aspects of economic growth, economic structure, economic efficiency, and economic support. Environmental subsystems are divided into environmental quality, environmental pollution, and environmental protection. While using AI to promote economic development, it is also important to strengthen the research and prevention of potential risks of AI development to ensure that AI is safe, reliable, and controllable.

scholarly journals The Evaluation of Public Policy: Normative Economic Theories of Government Failure

1996 ◽  
Vol 7 (1) ◽  
pp. 27-39 ◽  
Author(s):  
Brian E. Dollery ◽  
Andrew C. Worthington
Keyword(s):  
Public Policy ◽  
Economic Efficiency ◽  
Market Failure ◽  
Choice Theory ◽  
Analytical Framework ◽  
Normative Theory ◽  
Market Outcomes ◽  
Government Failure ◽  
Normative Economic ◽  
Government Production

Conventional economic analysis of public policy has been traditionally conducted in the conceptual context of the theory of market failure. The resultant analytical framework enabled analysts to assess the economic efficiency of market outcomes, and prescribe appropriate government intervention where necessary. No corresponding theoretical structure existed to facilitate an equivalent investigation into the economic efficiency of nonmarket outcomes. However, quite distinct from public choice theory, a normative theory of government failure has emerged to form a conceptual analogue to the market failure paradigm. At present this embryonic theory of government failure has three strands: Wolf’s theory of nonmarket failure, Le Grand’s theory of government failure, and Vining and Weimer’s theory of government production failure. The present paper evaluates the extent to which this seminal literature can assist in the design of rational public policy processes.

Economic development and complexity: the role of recombinant capital

2019 ◽  
Author(s):  
Anthony M Endres ◽  
David A Harper
Keyword(s):  
Economic Development ◽  
Structural Change ◽  
Open Economy ◽  
Large Scale ◽  
Manufacturing Industry ◽  
Market Failure ◽  
Small Open Economy ◽  
Capital Formation ◽  
Function Concept ◽  
Government Failure

AbstractThe neoclassical aggregate production-function concept of capital is unsuitable for the study of economic development. We provide a more realistic account of capital formation in which development is understood as a disruptive, disequilibrium process of creating (not merely allocating or accumulating) capital and in which capital is conceived as a ‘recombinant’ process. We draw upon the seminal ideas of Schumpeter, Lachmann and Hirschman to formulate the notion of recombinant capital. Capital is a complex, emergent constellation of resource connections rather than a neoclassical ‘stock’. We conceptualise recombinant capital formation as a process of transforming connections in production structures. Capital structures are the unintended outcome of polycentric interactions among private entrepreneurs and government actors (managers of state-owned enterprises and political entrepreneurs). Recombinant capital formation and capital structures emerge endogenously from the creation and destruction of complex connections. The standard distinction between ‘market failure’ and ‘government failure’ is critically deficient in analysing the structural economic dynamics engendered by recombinant capital. The fertility of our conceptual framework is illustrated by a study of major structural change in a small open economy. This structural change arose from the interpolation of a new, large-scale manufacturing industry in a capital structure previously dominated by primary industries.

Artificial Intelligence as a Technological Innovation to Accelerate Economic Development

2019 ◽  
Vol 12 (3) ◽  
pp. 125-133
Author(s):  
S. V. Shchurina ◽  
A. S. Danilov
Keyword(s):  
Artificial Intelligence ◽  
Economic Development ◽  
Technological Innovation ◽  
Manufacturing Industry ◽  
New Technologies ◽  
Retail Trade ◽  
High Tech ◽  
Industrial Complex ◽  
Technological Gap ◽  
The Government

The subject of the research is the introduction of artificial intelligence as a technological innovation into the Russian economic development. The relevance of the problem is due to the fact that the Russian market of artificial intelligence is still in the infancy and the necessity to bridge the current technological gap between Russia and the leading economies of the world is coming to the forefront. The financial sector, the manufacturing industry and the retail trade are the drivers of the artificial intelligence development. However, company managers in Russia are not prepared for the practical application of expensive artificial intelligence technologies. Under these circumstances, the challenge is to develop measures to support high-tech projects of small and medium-sized businesses, given that the technological innovation considered can accelerate the development of the Russian economy in the energy sector fully or partially controlled by the government as well as in the military-industrial complex and the judicial system.The purposes of the research were to examine the current state of technological innovations in the field of artificial intelligence in the leading countries and Russia and develop proposals for improving the AI application in the Russian practices.The paper concludes that the artificial intelligence is a breakthrough technology with a great application potential. Active promotion of the artificial intelligence in companies significantly increases their efficiency, competitiveness, develops industry markets, stimulates introduction of new technologies, improves product quality and scales up manufacturing. In general, the artificial intelligence gives a new impetus to the development of Russia and facilitates its entry into the five largest world’s economies.

Methodology for Assessing the Level of Socio-Economic Efficiency of Territory Development

2020 ◽  
pp. 48-53
Author(s):  
E.G. Mukhina ◽  
◽  
A.U. Esembekova ◽  
A.Yu. Anfalova ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Economic Efficiency ◽  
Comprehensive Assessment ◽  
Socio Economic Development ◽  
Methodological Approaches

The article discusses methodological approaches to assessing the socio-economic development of the territory. Based on the studied techniques, the author proposed a methodology in the article. For a comprehensive assessment of the level of socio-economic development of the territory, indicators borrowed from the work of R.M. Gazizov: social and economic. The obtained indicators are equated with the coefficient type, generalized indicators are formed and the type of territory is determined according to the ranking.

scholarly journals Impact of Irrigation Ecology on Rice Production Efficiency in Ghana

2018 ◽  
Vol 2018 ◽  
pp. 1-10 ◽  
Author(s):  
John Kanburi Bidzakin ◽  
Simon C. Fialor ◽  
Dadson Awunyo-Vitor ◽  
Iddrisu Yahaya
Keyword(s):  
Economic Efficiency ◽  
Production Efficiency ◽  
Positive Impact ◽  
Stochastic Frontier ◽  
Allocative Efficiency ◽  
Rice Production ◽  
Cross Sectional ◽  
Rice Farmers ◽  
Effect Regression ◽  
The Impact

Irrigation production is a means by which agricultural production can be increased to meet the growing food demands in the world. This study evaluated the effect of irrigation ecology on farm household technical, allocative, and economic efficiency of smallholder rice farmers. Cross-sectional data was obtained from 350 rice farmers across rain fed and irrigation ecologies. Stochastic frontier analyses are used to estimate the production efficiency and endogenous treatment effect regression model is used to estimate the impact of irrigation ecology on rice production efficiency. The impact of irrigation ecology on technical efficiency is about 0.05, which implies farmers producing under irrigation ecology are more technically efficient in their rice production than those in rain fed production. The impact of irrigation ecology on allocative efficiency is about 0.33, which shows that farmers participating in irrigation farming are more allocatively efficient in their rice production than those in rain fed production. The impact on economic efficiency is about 0.23, meaning that farmers participating in irrigation farming are more economically efficient in their rice production than those in rain fed production. Irrigation ecology has positive impact on production efficiency; hence farmers should be encouraged to produce more under irrigation for increased yield and profit.

scholarly journals Efektywność gospodarowania zasobami w gospodarstwach sadowniczych

2017 ◽  
Vol 17(32) (3) ◽  
pp. 187-194
Author(s):  
Dorota Komorowska
Keyword(s):  
Resource Management ◽  
Economic Efficiency ◽  
Production Efficiency ◽  
Land Resources ◽  
Total Income ◽  
Production Resources

The aim of the study is to evaluate the results of management of production resources in orchard farms against the background of all farms. Production efficiency of the land resources of fruit farms was almost twice as high as that of the all farms, the productivity of the involved capital was similar in both groups of farms, and the productivity of the labour spent was smaller in the orchard farms, as these farms engaged significantly more labour. Farms specializing in orchard production achieved considerably higher incomes than all farms, so the economic efficiency of resource management was also higher in these holdings, especially the yield of land (more than two and a half times). It is worth emphasizing that the subsidies to farm businesses had a much lower share of the income of fruit farms than in the total income of agricultural holdings.

scholarly journals Economic efficiency of national governments: case study of Poland and Ukraine

2021 ◽  
Vol 11 (3) ◽  
Author(s):  
Aleksander Kuczabski
Keyword(s):  
Economic Development ◽  
Free Product ◽  
Economic Efficiency ◽  
Government Size ◽  
Economic Policies ◽  
Unique Approach ◽  
Per Capita ◽  
National Governments

The article proposes a new unique approach to assessing the economic efficiency of national governments. The assessment is based on the indicator of gross free product per capita, which is a difference between GDP and government size per capita. This method was used to analyze the situation in two post-communist states – Poland and Ukraine. The author studied their economic development in 2009–2019, and the received data was used to draw conclusions about economic policies in the two countries in the period in question. A forecast has been made about the possible impact of the Covid-19 pandemic on economic processes from the perspective of changes in the gross free product per capita.

scholarly journals Transformation of the Banking Sector of Ukraine: Reasons and Consequences

2017 ◽  
Vol 1 (13) ◽  
pp. 33-48
Author(s):  
Myroslava Khutorna
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Financial System ◽  
Market Concentration ◽  
The Other ◽  
Real Economy ◽  
The Real ◽  
Other Hand ◽  
The One

This paper is devoted to the consideration of the preconditions and results of the banking sector of Ukraine transforming, its influence on the sector’s productivity, stability and significance for the real economy. It’s grounded that banking sector of Ukraine has seriously weakened its potential for the economic development stimulation. On the one hand, due to the banking sector clearance from the bad and unscrupulous banks the system has become much more sensitive to the monetary instruments and its state is going to be more predictable and better controlled. But on the other hand, massive banks’ liquidations have caused the worsening of the confidence in financial system and radical increasing of the market concentration the highest degree of which is observed in the householders’ deposit market.

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