Sponsor(s): Development Research Center of The State Council
12 issues per year
Current Issue: Issue 07, 2019
Journal official website:http://www.mwm.net.cn/web/
Management World is supervised by Development Research Center of The State Council, and sponsored by Development Research Center of The State Council. It aims to reflect the multi-field and multi-disciplinary research on China’s economic and social management issues, and to provide services for China’s economic reform and development. Its scope covers fiscal and financial research, rural economics, macroeconomic management, public management, business management, industrial and regional development. The journal, included in CSSCI and JST, has been in the top list in the field of economic management for many years, and achieved a very high reputation from readers all over the world.
Tian Yuan,He Shaohua, Lu Jian, Jiang Dongsheng
Ma Xiaogang, Qiao Renyi, Li Jiping, Li Menggang, Li Peiyu, Zhang Xinmmin, Shen Bainian, Chen Dongsheng, Cheng Quansheng, Zhao Jie,Tuo Zhen
Management World,2019,Vol 35,No. 07
Artificial intelligence (AI) is a strategic technology that leads a new wave of technological revolution and structural transformation. The paper studied the effects of AI on structural transformation and factor income shares. Based on the assumptions that AI is a general-purpose technology with the new infrastructure’s characteristics, may substitute either capital or labor, and applies to industries with different degrees, we built a multi-sector dynamic general equilibrium model, which shows that the rises in AI services or AI-specific technology induce factors to move between sectors, with the direction depending on the sectoral differences in the output elasticity of AI and the elasticity of substitution between AI and traditional production. Such a process of structural transformation also causes the variations in labor share. We derive the theoretical conditions that determine the direction of structural transformation and change in labor share. We also discuss the policy implications about how to advance AI technology to achieve high-quality development.