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Does Machine Translation Affect International Trade? : Evidence from a Large Digital Platform / Erik Brynjolfsson, Xiang Hui, Meng Liu.
- Format:
- Book
- Author/Creator:
- Brynjolfsson, Erik.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24917.
- NBER working paper series no. w24917
- Language:
- English
- Subjects (All):
- Artificial intelligence--Economic aspects.
- Artificial intelligence.
- Machine translating--Economic aspects.
- Machine translating.
- International trade.
- Physical Description:
- 1 online resource: illustrations
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- Artificial intelligence (AI) is surpassing human performance in a growing number of domains. However, there is limited evidence of its economic effects. Using data from a digital platform, we study a key application of AI: machine translation. We find that the introduction of a machine translation system has significantly increased international trade on this platform, increasing exports by 17.5%. Furthermore, heterogeneous treatment effects are all consistent with a substantial reduction in translation-related search costs. Our results provide causal evidence that language barriers significantly hinder trade and that AI has already begun to improve economic efficiency in at least one domain.
- Notes:
- Print version record
- August 2018.
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