Artificial Intelligence functions as a completely new production factor
the verdict
SUPPORTED
the evidence backs this
confidence 88/100
Scholarly literature consistently conceptualizes artificial intelligence as a general-purpose technology comparable to historical innovations like electricity or steam, positioning it as a novel and transformative factor in economic production and growth.
Evidence for · 4
Artificial intelligence as a general-purpose technology: an historical perspective
2021 · cited by 132
Paper 0 frames artificial intelligence as a general-purpose technology and a potential driver for a Fourth Industrial Revolution.
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More for · 3
The Economic Impact of Artificial Intelligence as a General Purpose Technology and Its Innovations in Economic Research
2025 · cited by 1
Paper 2 notes that artificial intelligence acts as a general-purpose technology that fosters macroeconomic productivity improvements and new growth drivers.
Artificial General Intelligence as a General-Purpose Technology: Toward an AGI-Augmented Theory of Economic Growth
2026 · cited by 0
Paper 10 explicitly models AGI as a general-purpose technology that transforms the production function by augmenting technology, capital, and labor inputs.
The Impact of Artificial Intelligence as a General-Purpose Technology on Economic Growth and Structural Transformation: An Innovation Ecosystem Perspective
2026 · cited by 0
Paper 11 analyzes how artificial intelligence functions as a general-purpose technology shaping economic growth and structural transformation.