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Do AI Activity Indices Really Measure AI Activity?

Bertamini, Riccardo et al.
arXiv (All) · Papers
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econometrics
AI dashboards increasingly shape economic debate, yet their headline movements often conceal what changed. For a ratio, the same rise can reflect numerator growth, denominator decline, or both. This ambiguity creates structural non-identification: adding observations or richer fixed effects cannot r
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