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The macroeconomic impact of artificial intelligence

The macroeconomic impact of AI Technical report of artiazakhstan Draft for discussion Confidential October 2017 February 2018 The macroeconomic impact of artificial intelligence 1. Executive summary 1 2. What is AI and how could it impact the economy? 6 3. Overview of our approach 14 4. Econometric analysis 18 5. Job automation study 26 6. AI impact Index 31 7. S-CGE model analysis 35 8. Sensitivity analysis 56 9. Conclusion 62 10. Existing and forthcoming insights on AI insights from PwC 64 Contents Appendices 65 macroeconomic impact of artificial intelligence 1 Purpose of this report With artificial intelligence (AI) set to transform the way that we live and work, it raises the inevitable question of how much the technologies will impact businesses, consumers and the economy more generally.

Macroeconomic impact of artificial intelligence 2 1.2. Research methodology Estimating the global economic impact of AI is a pressing and challenging task. As a result, we have used a complex, multi-stage modelling approach that focussed on …

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