Is There Solow's Paradox for High-tech Enterprises in the Era of Artificial Intelligence?
In the era of artificial intelligence,in order to effectively utilise the new generation of general purpose technologies,enterprises will make large investments in intangible capital,including the redesign of business processes,the construction of new business models,and the related investment in human capital.E-ven though these intangible capitals create valuable assets for enterprises,they are usually difficult to measure in growth accounting,which leads to Solow's Paradox.This paper measures the value of intangible capital based on the stock market valuation of China's high-tech enterprises,and the results show that there is a large amount of unmeasured intangible capital in China's high-tech enterprises,which leads to Solow's Paradox in the era of artificial intelligence.China should actively activate the capital market,especially vigorously devel-op growth enterprises market and Sci-Tech innovation board,which are densely populated by Al enterprises,to meet the direct financing needs of AI enterprises,so as to support the diffusion and innovation of Al technolo-gy,overcome Solow's Paradox,and enhance productivity.
万方数据
维普
