Project duration
02/Oct/2023 - 31/Oct/2025
Funding
Hellenic Foundation for Research and Innovation (ELIDEK)
Project status
active
Project Manager
AI4GR | Artificial Intelligence for Economic Growth
Manos Matsaganis Head of the Greek and European Economy Programme; A. G. Leventis Foundation Senior Research Fellow; Professor, Polytechnic University of Milan
Michail Bletsas
Michail Bletsas Research Scientist and Director of Computing, MIT's Media Lab
AI4GR | Artificial Intelligence for Economic Growth
Apostolos Fasianos Research Fellow, Assistant Professor, University of Macedonia
AI4GR | Artificial Intelligence for Economic Growth
Tasos Evgenidis Research Fellow at the AI4GR project; Associate Professor, Royal Holloway

The AI4GR project aims to study the economic effects of AI innovations in Greece and the European Union. Despite the increasing diffusion of AI technologies, their macroeconomic and labor market effects remain largely unexplored due to a lack of reliable data.

Key Objectives

  1. Develop a novel AI innovation index using textual analysis of patent data from the European Patent Office (EPO).
  2. Link AI patents to specific industries to understand how AI technologies are diffusing across sectors.
  3. Estimate the impact of AI technologies on macroeconomic variables and labor market outcomes in Greece and the EU using Panel VAR and dynamic econometric models.
  4. Examine how AI technology diffusion from EU core economies to periphery ones affects economic growth.

Project Partners

Host Institution

  • University of Macedonia, Thessaloniki, Greece

Cooperative Organizations

  • Hellenic Foundation for European and Foreign Policy (ELIAMEP)
  • Athens University of Economics and Business (AUEB)
  • Royal Holloway, University of London, United Kingdom

Research Team

  • Principal Investigator:
    • Prof. Theodoros Panagiotidis (University of Macedonia)
  • Research Members:
    • Assist. Prof. Apostolos Fasianos (University of Macedonia)
    • Assoc. Prof. Anastasios Evgenidis (Royal Holloway)
    • Georgios Papapanagiotou, Postdoctoral Researcher (University of Macedonia)
    • Prof. Manos Matsaganis (Polytechnic University of Milan & ELIAMEP)
    • Assist. Prof. Spyros Boikos (University of Macedonia)
    • Assist. Prof. Panagiotis Konstantinou (AUEB)
  • External Experts:
    • Dr. Michail Bletsas (MIT Media Lab & ELIAMEP)

The project is funded by the Hellenic Foundation for Research and Innovation (ELIDEK) with a total budget of €149,720.

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