1、BIS Working PapersNo 1321 Artificial intelligence and growth in advanced and emerging economies:short-run impact by Leonardo Gambacorta,Enisse Kharroubi,Aaron Mehrotra and Tommaso Oliviero Monetary and Economic Department December 2025 JEL classification:E24,O47,O57 Keywords:generative artificial in

2、telligence,emerging market economies,economic growth,productivity differentials,technological readiness,sectoral exposure to artificial intelligence BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements,and from time to time by ot

3、her economists,and are published by the Bank.The papers are on subjects of topical interest and are technical in character.The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.This publication is available on

4、 the BIS website(www.bis.org).Bank for International Settlements 2025.All rights reserved.Brief excerpts may be reproduced or translated provided the source is stated.ISSN 1020-0959(print)ISSN 1682-7678(online)Artificial intelligence and growth in advanced and emerging economies:short-run impact Leo

5、nardo Gambacorta,Enisse Kharroubi,Aaron Mehrotra and Tommaso Oliviero Abstract This paper investigates whether the positive effects of generative artificial intelligence(gen AI)on growth rate of value added differ across countries in the short run.Using an empirical strategy inspired by Rajan and Zi

6、ngales(1998)and a dataset covering 56 economies and 16 industries,we find that the differential growth effects arise from variations in sectoral exposure to cognitive and knowledge-intensive activities,differences in production structures,and countries AI preparedness.Our results suggest that,on ave