Contributions of the 5G Network with Respect to Decent Work and Economic Growth (Sustainable Development Goal 8): A Systematic Review of the Literature
Saul Beltozar-Clemente,
Orlando Iparraguirre-Villanueva,
Félix Pucuhuayla-Revatta
et al.
Abstract:Decent work and economic growth are fundamental elements for the sustainable development of a society, with Sustainable Development Goal 8 (SDG8) being one of the key objectives of the United Nations’ 2030 Agenda. The 5G network has great potential to contribute significantly to the achievement of SDG8, offering faster and more reliable connectivity, which opens up new possibilities for innovation, operational efficiency, and job creation. The present study aimed to investigate the role of 5G technologies conc… Show more
“…Intriguingly, examining the interplay between DW, FI, and EG is notably scarce, if not virtually nonexistent. Among the limited studies closely aligned with our research, [1] examined how 5G technologies influence DW and EG under the principles of SDG 8. Their findings underscore the pivotal role of DW and EG as essential components for the sustainable advancement of a nation.…”
Section: Literature Reviewmentioning
confidence: 97%
“…The Global Sustainable Development Agenda 2030, adopted by all United Nations Member States in September 2015, strives to promote decent work (DW) and economic growth (EG), with the International Labor Organization (ILO) playing a crucial role in advocating these objectives [1]. DW is defined as employment conducted under the principles of liberty, fairness, safety, and human dignity, which is essential for the wellbeing of individuals and serves as a crucial driver for sustainable EG.…”
We investigate the potential influence of decent work and financial inclusion on economic growth, aligning our analysis with the United Nations Sustainable Development Goal 8 (SDG 8). Analyzing a diverse set of 26 low-income, 20 middle-income, and 15 high-income countries, we utilize a dynamic fixed-effect panel data approach and apply the Generalized Method of Moments from 2010 to 2021. The findings highlight that favorable conditions for decent work and increased access to digital financial services contribute positively to economic growth. The synergistic effect of these SDG 8 components is notably pronounced in high-income countries, with greater potential for elevated economic growth rates. Conversely, no discernible impact is observed on the economic growth of low-income countries. The results for middle-income countries present nuanced coefficient outcomes, offering a more intricate interpretation of their economic dynamics. An extensive impulse-response analysis, conducted using a Panel Vector Autoregression model, demonstrates distinct impacts of shocks related to decent work and financial inclusion across various income categories of countries. Our findings pass various robustness checks, affirming their reliability and suggesting significant policy implications for recognizing the crucial role of decent work and financial inclusion in fostering economic growth.
“…Intriguingly, examining the interplay between DW, FI, and EG is notably scarce, if not virtually nonexistent. Among the limited studies closely aligned with our research, [1] examined how 5G technologies influence DW and EG under the principles of SDG 8. Their findings underscore the pivotal role of DW and EG as essential components for the sustainable advancement of a nation.…”
Section: Literature Reviewmentioning
confidence: 97%
“…The Global Sustainable Development Agenda 2030, adopted by all United Nations Member States in September 2015, strives to promote decent work (DW) and economic growth (EG), with the International Labor Organization (ILO) playing a crucial role in advocating these objectives [1]. DW is defined as employment conducted under the principles of liberty, fairness, safety, and human dignity, which is essential for the wellbeing of individuals and serves as a crucial driver for sustainable EG.…”
We investigate the potential influence of decent work and financial inclusion on economic growth, aligning our analysis with the United Nations Sustainable Development Goal 8 (SDG 8). Analyzing a diverse set of 26 low-income, 20 middle-income, and 15 high-income countries, we utilize a dynamic fixed-effect panel data approach and apply the Generalized Method of Moments from 2010 to 2021. The findings highlight that favorable conditions for decent work and increased access to digital financial services contribute positively to economic growth. The synergistic effect of these SDG 8 components is notably pronounced in high-income countries, with greater potential for elevated economic growth rates. Conversely, no discernible impact is observed on the economic growth of low-income countries. The results for middle-income countries present nuanced coefficient outcomes, offering a more intricate interpretation of their economic dynamics. An extensive impulse-response analysis, conducted using a Panel Vector Autoregression model, demonstrates distinct impacts of shocks related to decent work and financial inclusion across various income categories of countries. Our findings pass various robustness checks, affirming their reliability and suggesting significant policy implications for recognizing the crucial role of decent work and financial inclusion in fostering economic growth.
“…(1) 5G technology will generate many new jobs, income, added value, and output for both the US economy and Americans [5]. (2) 5G technology will lead to sustainable economic and community development, enhanced transportation networks, consumer savings, and societal interconnection in both rural and urban areas [6][7][8]. (3) There is currently a shortage of labor available to fill the needs of the 5G and broadband industry, hindering the rollout of broadband and other technology [9].…”
Ohio’s 5G and broadband industry is rapidly changing. In this study, we assess the current skills and skills gaps of the state’s workforce and the supply and demand of labor within the 5G and broadband industry. We use a skillshed analysis to determine declining occupations with easy and challenging transitions into 5G and broadband occupations. Based on the analysis, we determine where skills gaps exist and where additional resources are needed to prepare the state’s workforce for the 5G and broadband industry.
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