EMs gain less from GenAI adoption than AEs – BIS study
Service economies with strong digital and legal frameworks best placed to benefit from AI
Emerging markets are likely to achieve smaller productivity gains from adopting generative artificial intelligence (GenAI) than advanced economies, a study from the Bank for International Settlements has found.
The working paper, published on December 19, explores how GenAI affects short-run growth in a sample of 56 economies and 16 industries.
The authors – Leonardo Gambacorta, Enisse Kharroubi, Aaron Mehrotra and Tommaso Oliviero – separate the analysis into two parts. First, they find out which
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