The Productivity Impetus from Generative AI

Generative AI has moved from curiosity to everyday tool with remarkable speed. But the big productivity question is not simply whether people are using it; it is whether firms, sectors and economies can turn that use into lasting productivity gains.

This episode of Productivity Puzzles explores the challenges and opportunities that Generative AI presents, centring on a new article just published in the International Productivity Monitor, the joint journal of the Centre for the Study of Living Standards and The Productivity Institute.

Host Professor Bart van Ark is joined by:

• Martin Baily, Senior Fellow Emeritus at the Brookings Institution
• Diane Coyle, Bennett Professor of Public Policy and Research Director, Bennett School of Public Policy, University of Cambridge

For more information on the topic:

• Martin Neil Baily, David M. Byrne, Aidan T. Kane and Paul E. Soto, The Potential for Sustained Productivity Impetus from GenAI, International Productivity Monitor, Issue 50, pp 5-26.
• Martin Neil Baily, 2023. "Lessons from a Career in Productivity Research: Some Answers, A Glimpse of the Future, and Much Left to Learn," International Productivity Monitor, Issue 44, pages 120-149, Fall.
• Productivity Puzzles Podcast: Ask the expert on… what is productivity?
• Tera Allas, AI and productivity: the ladder of leakage, Substack.
• Carol Corrado, Jonathan Haskel, Cecilia Jona-Lasinio, Artificial intelligence and productivity: an intangible assets approach, Oxford Review of Economic Policy, Volume 37, Issue 3, Autumn 2021, Pages 435–458
• Zvi Griliches, Hybrid Corn: An Exploration in the Economics of Technological Change. Econometrica, October 1957, 25(4), pp. 501-22.

About Productivity Puzzles:

Productivity Puzzles is brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, nine Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council.