Beta
377981

Exploring the Role of Artificial Intelligence on Unemployment Rates in Kuwait.

Article

Last updated: 25 Dec 2024

Subjects

-

Tags

-

Abstract

This study aims to examine the role of artificial intelligence (AI) on the level of unemployment in the context of Kuwait. This study collected secondary data based on the available data from Kuwait authorities. The inclusion criteria covered all the relevant studies that aimed to assess the effects of introducing AI through an economic model. This study highlights the effect that AI could have on the economic growth of any given country (i.e., Kuwait); it relies on Cobb-Douglas technology, Baumol's cost disease, and the Galor-Zeira models to predict the kind of reaction and results that Kuwait should expect to experience assuming their current trajectory is not reviewed. The findings of this study helped develop a conclusion regarding the effects that AI will have on the Kuwait. As such, it indicates that the number of tasks automated over time will be greater than the number of labor-intensive tasks created.

DOI

10.21608/caf.2024.377981

Keywords

: Artificial Intelligence, Cobb-Douglas technology, Baumol’s cost disease, Galor-Zeira models, Unemployment Rate, Kuwait

Authors

First Name

Abdullah Feraih

Last Name

Alenezi

MiddleName

-

Affiliation

Assistant Professor College of Business Studies Public Authority for Applied Education and Training

Email

dr.alenezii@hotmail.com

City

-

Orcid

-

Volume

44

Article Issue

3

Related Issue

50189

Issue Date

2024-09-01

Receive Date

2024-05-03

Publish Date

2024-09-01

Page Start

114

Page End

134

Print ISSN

1110-4716

Online ISSN

2682-4825

Link

https://caf.journals.ekb.eg/article_377981.html

Detail API

https://caf.journals.ekb.eg/service?article_code=377981

Order

377,981

Publication Type

Journal

Publication Title

التجارة والتمويل

Publication Link

https://caf.journals.ekb.eg/

MainTitle

Exploring the Role of Artificial Intelligence on Unemployment Rates in Kuwait.

Details

Type

Article

Created At

25 Dec 2024