The Importance of Artificial Intelligence to Economic Growth

There are a number of major trends that have the potential to shape the future of work, from climate change and resource scarcity to demographic shifts resulting from an aging population and immigration. This report focuses on the need to prepare Canada’s youth for a future where a great number of jobs will be rapidly created, altered or made obsolete by technology. Successive waves of technological advancements have rocked global economies for centuries, reconfiguring the labour force and giving rise to new economic opportunities with each wave. Modern advances, including artificial intelligence and robotics, once again have the potential to transform the economy, perhaps more rapidly and more dramatically than ever before. As past pillars of Canada’s economic growth become less reliable, harnessing technology and innovation will become increasingly important in driving productivity and growth.

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Growth Model of the Russian Economy on the Basis of Productivity of Aggregate Labor: a Cognitive Approach

Upravlenie ◽

10.12737/21297 ◽

2016 ◽

Vol 4 (3) ◽

pp. 66-73

Author(s):

Орехова ◽

T. Orekhova ◽

Орехов ◽

V. Orekhov

Keyword(s):

Artificial Intelligence ◽

Economic Growth ◽

Growth Model ◽

Balanced Scorecard ◽

Cognitive Approach ◽

Performance Category ◽

The Balanced Scorecard ◽

Cognitive Component ◽

Russian Economy ◽

Three Stages

The article discusses the performance category of cumulative work on the basis of modern models of economic growth of Russia. The key problem of economic policy in conditions of crisis is determined. The advantages of introducing system of management of artificial intelligence and the balanced scorecard are given. The proposed by authors graphical interpretation of the three stages models of economic growth, with emphasis on the cognitive component of the study of economic growth is presented. The author’s brief description of the elements of modern growth model of the Russian economy through increased productivity is given.

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Ensuring sustainable growth based on the artificial intelligence analysis and forecast of in-demand skills

E3S Web of Conferences ◽

10.1051/e3sconf/202020803060 ◽

2020 ◽

Vol 208 ◽

pp. 03060

Author(s):

Alena Vankevich ◽

Iryna Kalinouskaya

Keyword(s):

Artificial Intelligence ◽

Economic Growth ◽

Labor Market ◽

Education System ◽

The State ◽

Sustainable Growth ◽

Intelligence Analysis ◽

Methods Of Analysis ◽

Reliable Source ◽

Sustainable Economic Growth

Sustainable economic growth requires a system for forecasting the in-demand skills and competencies. The existing methods of analysis and forecasting of the labor market use truncated databases based on surveys of employers or registered vacancies on the state portal, which do provide reliable forecasts of the required competencies for the education system to ensure their timely formation. It is also impossible to analyze the need in terms of competencies, and not the number of employees. Therefore, a more reliable source of data is the analysis of vacancies and resumes collected by scraping from online job portals, which allows you to analyze vacancies and resumes in the context of the described competencies, and develop a forecast of their dynamics. The article presents an algorithm for using artificial intelligence in the analysis and forecasting of skills and competencies in demand, the advantages of which lie not only in the volume and speed of the processed information, but also in ensuring the quality and comparability of data.

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Artificial Intelligence, Income Distribution and Economic Growth

SSRN Electronic Journal ◽

10.2139/ssrn.3679012 ◽

2020 ◽

Author(s):

Thomas Gries ◽

Wim Naudé

Keyword(s):

Artificial Intelligence ◽

Economic Growth ◽

Income Distribution

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Economic effects of the implementation of «artificial intelligence» technologies

Social novelties and Social sciences ◽

10.31249/snsn/2021.02.01 ◽

2021 ◽

pp. 8-25

Author(s):

Boris Ivanovskiy ◽

Keyword(s):

Artificial Intelligence ◽

Economic Growth ◽

Labor Market ◽

Economic Effects ◽

Global Economic Growth

The paper considers definitions of the concept of «artificial intelligence». Analyzes the influence of artificial intelligence technologies on global economic growth, the labor market, and also the financial sphere. Shows the positive aspects and the threats caused by their introduction into the economy.

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