Wednesday, November 8, 2017

Artificial Intelligence, Machine Learning, and Productivity

As Bob Solow famously quipped, "You can see the computer age everywhere but in the productivity statistics".  That was in 1987.  The new "Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics," NBER w.p. 24001, by Brynjolfsson, Rock, and Syverson, brings us up to 2017.  Still a puzzle.  Fascinating.  Ungated version here.