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NBER WORKING PAPER SERIESARTIFICIAL Intelligence AND THE Modern Productivity PARADOX:A CLASH OF EXPECTATIONS AND STATISTICSErik BrynjolfssonDaniel RockChad SyversonWorking Paper 24001 BUREAU OF ECONOMIC RESEARCH1050 Massachusetts AvenueCambridge, MA 02138 November 2017We thank Eliot Abrams, Ajay Agrawal, David Autor, Seth Benzell, Joshua Gans, Avi Goldfarb, Austan Goolsbee, Guillaume Saint-Jacques, Andrea Meyer, Manuel Tratjenberg, and numerous participants at the NBER Workshop on AI and Economics in September, 2017. In particular, Rebecca Henderson provided detailed and very helpful comments on an earlier draft and Larry Summers suggested the analogy to the J-Curve. Generous funding for this research was provided in part by the MIT Initiative on the Digital Economy.
Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics Erik Brynjolfsson, Daniel Rock, and Chad Syverson
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