Contemporary Finance & Economics ›› 2025, Vol. 0 ›› Issue (4): 84-96.

• Business Administration • Previous Articles     Next Articles

Research on the Mechanism and Utility of Artificial Intelligence Empowering New Quality Productivity: From the Perspective of New Quality of Productivity Factors

Xu Hao1,2, Xiao Yi2, Zhu Zhi-yong1, Li Hao2   

  1. 1. Southwest University, Chongqing 400715;
    2. Ili Normal University, Ili 835000, China
  • Received:2024-05-29 Revised:2025-01-09 Online:2025-04-15 Published:2025-04-16

Abstract: How artificial intelligence can promote the formation of new quality productivity has become a major theoretical and practical issue faced by China’s economic and social development. Based on Marxist productivity theory, this paper conducts a mechanism analysis. The findings show that artificial intelligence can promote the general transformation of productivity factors, generating new quality labor materials and labor force. The combination of these two can reduce labor input and sales costs through intelligent production and sales, improve production and sales efficiency, and thus promote the development of new quality productivity. The production relations play an important regulatory role in the effectiveness of artificial intelligence. Taking the data from 3931 A-share listed companies from 2010 to 2022 as samples, this paper makes use of a two-way fixed effects model for an empirical analysis. The preliminary results have confirmed the promoting effect of artificial intelligence on new quality productivity, and the endogeneity and robustness tests ensured the validity of the conclusion. The mechanism test results reveal that labor input and sales costs both play a partial mediating role in the above relationship, with significant direct and indirect effects. The protection of intellectual property rights and the openness of local public data in production relations can both significantly enhance the promoting effect of artificial intelligence on new quality productivity. The heterogeneity test results indicate that artificial intelligence has a significant promoting effect on the new quality productivity of different regions and industries, with a stronger driving effect on the western region and the service industry. Accordingly, in order to accelerate the formation of new quality productivity, attention should be paid to generating new quality production factors, adjusting production relations, and increasing fiscal and financial support.

Key words: artificial intelligence, new quality productivity, production relations, production factors

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