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Can I read Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform on EtoBox?
Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform by Erik Brynjolfsson; Xiang Hui; Meng Liu is a Business, Management and Accounting article available to read on EtoBox.
What is Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform about?
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 new machine translation system has significantly increased international trade on this platform, increasing exports by 10.9%. Furthermore, heterogeneous treatment effects are consistent with a substantial reduction in translation 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. This paper was accepted by Joshua Gans, business strategy.
Who reads Does Machine Translation Affect International Trade? Evidence from a Large Digital Platform?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Erik Brynjolfsson; Xiang Hui; Meng Liu
- Publisher
- Institute for Operations Research and the Management Sciences (INFORMS)
- Published
- 2019
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)