Harnessing AI for Economic Forecasting: Navigating Rentier Economies Towards Diversification and Sustainable Growth - A Case Study of Iraq
Mohammed Salah,
Alaa Ghazi Khissaf,
Fadi Abdelfattah
et al.
Abstract:Venturing into the crossroads of Artificial Intelligence (AI) and economic development, this study employs AI models for economic forecasting within the context of Iraq, a quintessential rentier state. Drawing on the theoretical underpinnings of rentier state theory and diversification strategies, it harnesses OpenAI's advanced language models, ChatGPT and googles AI Bard, to generate an array of potential economic trajectories. The results provide an insightful probe into the impacts of global oil market tren… Show more
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