Influence of artificial intelligence on technological innovation: Evidence from the panel data of china's manufacturing sectors

•Artificial intelligence (AI) significantly promotes technological innovation.•AI promotes technological innovation by knowledge creation and spillover, learning and absorption, and investment in R&D.•This paper empirically tests the promotional effect of AI on technological innovation and its s...

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Bibliographic Details
Published in:	Technological forecasting & social change 2020-09, Vol.158, p.120142, Article 120142
Main Authors:	Liu, Jun, Chang, Huihong, Forrest, Jeffrey Yi-Lin, Yang, Baohua
Format:	Article
Language:	eng
Subjects:	Ability Absorptivity Artificial intelligence Automation Decision making Empirical analysis Heterogeneity Imitation Impact analysis Industrial robots Innovations Investment Logic Manufacturing engineering Ownership Panel data R&D Research & development Robotics sector heterogeneity Technological change technological innovation Technology
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Summary:	•Artificial intelligence (AI) significantly promotes technological innovation.•AI promotes technological innovation by knowledge creation and spillover, learning and absorption, and investment in R&D.•This paper empirically tests the promotional effect of AI on technological innovation and its sector heterogeneity. This paper analyzes the impact of artificial intelligence (AI) on technological innovation through logic reasoning and empirical modeling. Based on the industrial robot data provided by the International Federation of Robotics (IFR) and the panel data of China's 14 manufacturing sectors from 2008 to 2017, this paper empirically analyzes the impact of AI on technological innovation. Our analysis shows that the mechanism of how AI affects technological innovation is that the former promotes technological innovation through accelerating knowledge creation and technology spillover, improving learning and absorptive capacities, while increasing R&D and talent investment. Our empirical results indicate that under the condition of controlling intensity of R&D investment, FDI, ownership structure, technical imitation, AI significantly promotes technological innovation. And the impact of AI on technological innovation experiences sector heterogeneity: AI has more significant impact on the technological innovation of low-tech sectors. The higher the level of AI, the greater its impact on technological innovation. Based on our established conclusions, we provide corresponding suggestions and recommendations for managerial decision-making.
ISSN:	0040-1625 1873-5509