Exploring the Role of Artificial Intelligence on Unemployment Rates in Kuwait. | ||
| التجارة والتمويل | ||
| Volume 44, Issue 3, September 2024, Pages 114-134 PDF (765.07 K) | ||
| DOI: 10.21608/caf.2024.377981 | ||
| Author | ||
| Abdullah Feraih Alenezi | ||
| Assistant Professor College of Business Studies Public Authority for Applied Education and Training | ||
| Abstract | ||
| This study aims to examine the role of artificial intelligence (AI) on the level of unemployment in the context of Kuwait. This study collected secondary data based on the available data from Kuwait authorities. The inclusion criteria covered all the relevant studies that aimed to assess the effects of introducing AI through an economic model. This study highlights the effect that AI could have on the economic growth of any given country (i.e., Kuwait); it relies on Cobb-Douglas technology, Baumol’s cost disease, and the Galor-Zeira models to predict the kind of reaction and results that Kuwait should expect to experience assuming their current trajectory is not reviewed. The findings of this study helped develop a conclusion regarding the effects that AI will have on the Kuwait. As such, it indicates that the number of tasks automated over time will be greater than the number of labor-intensive tasks created. | ||
| Keywords | ||
| : Artificial intelligence; Cobb-Douglas technology; Baumol’s cost disease; Galor-Zeira models; Unemployment rate; Kuwait | ||
|
Statistics Article View: 189 PDF Download: 178 |
||
