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How Will Artificial Intelligence Reshape the Future of Entrepreneurship and Economic Growth?

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Applications of Artificial Intelligence in Business, Education and Healthcare

Part of the book series: Studies in Computational Intelligence ((SCI,volume 954))

Abstract

In the Fourth Industrial Revolution, recent technologies progress in the spaces of Artificial Intelligence (AI) are changing entrepreneurship and economic growth significantly. Recent research found high levels of concern about how AI impacts the productivity of entrepreneurship and economic growth. This chapter aims to develop a theoretical framework for thinking about AI’s potential implications on the relationship between entrepreneurship and economic growth. First, we model entrepreneurship in new start-ups as the principal cause of business cycles and economic growth. Then, drawing from the Knowledge Spillover Theory, we suggest that AI can bring the benefit of creating new knowledge to entrepreneurship and thus contribute to economic growth. Finally, we address the possible main lines of future developments for AI, entrepreneurship and economic growth.

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Author information

Authors and Affiliations

  1. Kuwait College of Science and Technology, Doha District, Kuwait

    Hasan Ghura

  2. Ahlia University, Manama, Bahrain

    Hasan Ghura

  3. Department of Business Studies, Box Hill College, Abo Halifa, Kuwait

    Arezou Harraf

Authors
  1. Hasan Ghura
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  2. Arezou Harraf
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Corresponding author

Correspondence to Hasan Ghura .

Editor information

Editors and Affiliations

  1. College of Business and Finance, Ahlia University, Manama, Bahrain

    Allam Hamdan

  2. Scientific Research Group in Egypt (SRGE), Cairo University, Giza, Egypt

    Aboul Ella Hassanien

  3. Ahlia University, Manama, Bahrain

    Reem Khamis

  4. Middle East Technical University, Northern Cyprus Campus, Kalkanlı, Via Mersin, Turkey

    Bahaaeddin Alareeni

  5. College of Business and Finance, Ahlia University, Manama, Bahrain

    Anjum Razzaque

  6. Palestine Technical University—Kadoori, Tulkarm, Palestine, State of

    Bahaa Awwad

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Ghura, H., Harraf, A. (2021). How Will Artificial Intelligence Reshape the Future of Entrepreneurship and Economic Growth?. In: Hamdan, A., Hassanien, A.E., Khamis, R., Alareeni, B., Razzaque, A., Awwad, B. (eds) Applications of Artificial Intelligence in Business, Education and Healthcare . Studies in Computational Intelligence, vol 954. Springer, Cham. https://doi.org/10.1007/978-3-030-72080-3_4

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