Navigating the Microeconomic Landscape of Artificial Intelligence: A Scoping Review

Abstract

The rapid evolution of artificial intelligence (AI) technology has sparked transformative shifts across sectors, reshaping industries and societal interactions. AI's capacity to perform tasks requiring human intelligence, coupled with its integration into practical applications, has far-reaching economic and societal implications. This scoping review paper explores the microeconomic implications of artificial intelligence (AI) adoption across various industries. The paper systematically examines the existing literature to identify key themes, methodologies, and gaps in research related to the economic impacts of AI at the firm and individual levels. Through this review, the paper aims to provide insights into the evolving landscape of AI economics and areas for future research.