What question did this study set out to answer?

To examine the impact of artificial intelligence adoption on average wages and key macroeconomic indicators in Southern Africa.

September 7, 2021Development Southern Africa

Artificial intelligence and average wages in Southern Africa: A panel VAR approach

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Authors

GAGodfred AnakpoNelson Mandela University UKUmakrishnan KollamparambilUniversity of the Witwatersrand

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Implication

Panel econometric analysis reveals a significant negative relationship between artificial intelligence and average wages in Southern Africa, suggesting risks of labor displacement.

Key Points

To examine the impact of artificial intelligence adoption on average wages and key macroeconomic indicators in Southern Africa.
Applied a panel vector autoregressive (panel VAR) econometric modeling approach.
Analyzed annual World Bank and global economy dataset spanning from 2004 to 2017.
Artificial intelligence demonstrated a significant negative relationship with average wages.
Artificial intelligence was positively associated with GDP per capita, unemployment, and inflation.
Both GDP per capita and inflation exhibited positive associations with average wage levels.

Cite This Study

Anakpo et al. (2021) studied this question.

synapsesocial.com/papers/6a16f6c50f965e9c137bce2f https://doi.org/10.1080/0376835x.2021.1967111

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Implication

Panel econometric analysis reveals a significant negative relationship between artificial intelligence and average wages in Southern Africa, suggesting risks of labor displacement.

Artificial intelligence and average wages in Southern Africa: A panel VAR approach

Discussion

Member takes

Implication

Key Points

Cite This Study

Artificial intelligence and average wages in Southern Africa: A panel VAR approach

Discussion

Member takes

Implication

Key Points

Cite This Study

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