Artificial intelligence, human capital and firm-level total factor productivity

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-07-05 DOI:10.1016/j.frl.2025.107897

Liying Lei , Hui Feng , Jingjing Ren

引用次数: 0

Abstract

Based on data from China's A-share listed enterprises between 2014 and 2023, this paper delves into the impact of artificial intelligence (AI) technology on enterprises' total factor productivity (TFP) and its mechanism of action. The study finds that AI technology significantly enhances enterprise TFP by optimizing production processes, improving management decision-making efficiency, and other pathways, emerging as a critical driver of high-quality enterprise development. Further mechanism tests reveal that human capital plays an important mediating role in AI-driven TFP improvement, where AI technology increases the proportion of highly skilled labor, achieving capital-skill complementarity to boost productivity.

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人工智能、人力资本与企业全要素生产率

本文以2014 - 2023年中国a股上市企业数据为基础，研究人工智能技术对企业全要素生产率的影响及其作用机制。研究发现，人工智能技术通过优化生产流程、提高管理决策效率等途径，显著提升了企业全要素生产率，成为企业高质量发展的关键驱动力。进一步的机制检验表明，人力资本在人工智能驱动的全要素生产率提高中起着重要的中介作用，人工智能技术提高了高技能劳动力的比例，实现了资本技能互补，从而提高了生产率。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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