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Discussion on the Impact of Artificial Intelligence to China's Economy: —From the Perspective of Theoretical Mechanism, Industrial Structure and so on

Wenting Hu,Cailing Xu,Yihan Duan,Wang Zhao

2022 · DOI: 10.1109/acie55485.2022.00030
1 Citations

TLDR

This paper further explores and expounds the relationship between artificial intelligence and economic growth, and finds that artificial intelligence has a profound impact on the economic development of backward areas in infrastructure, industrial development and education.

Abstract

Artificial intelligence is an important driving force for the high-quality development of China's economy in the new era. Based on the existing research, this paper further explores and expounds the relationship between artificial intelligence and economic growth. The analysis and integration are carried out from the following aspects : Firstly, artificial intelligence promotes economic growth by improving factor productivity and exerting the direct effect of improving labor productivity and expanding industrial chain, and the indirect effect of improving technological innovation efficiency and market efficiency. Secondly, artificial intelligence promotes the coordination of the development of agriculture, service industry and enterprises, optimizes the industrial structure, and promotes the transformation and upgrading of industrial structure. Thirdly, artificial intelligence has a profound impact on the economic development of backward areas in infrastructure, industrial development and education. Fourthly, artificial intelligence has a greater impact on employment and income, aging, public policy response and so on.