The Role of GDP Growth in the ESG Approach at World Level

Leogrande, Angelo; Costantiello, Alberto

doi:10.31235/osf.io/93sn2

Cited by 3 publications

(2 citation statements)

References 23 publications

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“…It is the managerial training that tends to determine the ability of companies to perform well or badly based on certain criteria, for example in their choice between profit maximization or stakeholder maximization [1], [2], [3], [4]. The investigation of the role of education in necessary for a better comprehension of the impacts of ESG models at world level [5], [6], [7], [8], [9], [10], [11], [12], [13], [14], [15], [16]. However, it is necessary to distinguish between developing and industrialized countries.…”

Section: ) Introduction-research Questionmentioning

confidence: 99%

The Impact of Government Expenditure on Education in the ESG Models at World Level

Leogrande¹,

Costantiello²

2023

SSRN Journal

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Section: ) Introduction-research Questionmentioning

confidence: 99%

The Impact of Government Expenditure on Education in the ESG Models at World Level

Leogrande¹,

Costantiello²

2023

SSRN Journal

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mentioning

confidence: 99%

The Impact of Government Expenditure on Education in the ESG Models at World Level

Leogrande¹,

Costantiello²

2023

Preprint

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In this article, we estimate the value of Government Expenditure on Education-GEE in the context of Environmental, Social and Governance-ESG dataset of the World Bank. We use data from 193 countries in the period 2011-2020. We use Panel Data with Fixed Effects, Panel Data with Random Effects, Pooled Ordinary Least Squares-OLS, and Weighted Least Squares-WLS. Our results show that the value of GEE is positively associated among others to “Case of Death, by communicable disease and maternal, prenatal and nutrition conditions”, and “Unemployment”, and negatively associated among others to “Hospital Beds” and “Government Effectiveness”. Furthermore, we apply the k-Means algorithm optimized with the Elbow Method and we find the presence of four clusters. Finally, we confront eight machine learning algorithms for the prediction of the future value of GEE. We found that the Polynomial Regression is the best predictive algorithm. The Polynomial Regression predicts an increase in GEE of 7.09% on average for the analysed countries.

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The Impact of ESG Risks on the Economic Growth in the Western Balkan Countries

Delova-Jolevska,

Ilievski,

Jolevski

et al. 2024

Sustainability

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The economy is significantly impacted by environmental, social, and governance (ESG) risks. The growth of the economy can be sped up by the effective management of ESG risks through sustainable business practices. To promote sustainable development and to secure the long-term welfare of employees, customers, and all other stakeholders in the economy, companies must adapt and reposition their business strategies and organizational cultures. The goal of this paper is to determine how a set of common ESG elements, chosen from the viewpoints of sustainability and well-being, influence economic growth in the Western Balkan countries. For each ESG component, we used different variables. The information pertains to the five Western Balkan countries of North Macedonia, Albania, Montenegro, Bosnia and Herzegovina, and Serbia. Because of a lack of data, Kosovo is excluded from the study. Then, we compared results from the analysis of the Western Balkan countries with a set of countries in Southeast Europe, which are members of the European Union and essentially coincide with the Western Europe countries. We performed multiple regression analysis with applied fixed effects to the data model. According to the study’s findings, each of the independent variables had no significant impact on the GDP’s annual growth of the Western Balkan countries, but two of the variables, life expectancy at birth and labor force participation, have certain impact on the GDP growth of Southeast Europe countries, which are members of the European Union. The green transition has gained significant importance in the Western Balkan countries as a crucial pathway toward sustainable economic growth, though it introduces a range of new social and economic challenges. Economically, these nations are confronted with considerable funding requirements for development. To build sustainable societies, it would be beneficial for these countries to explore more creative financing strategies. It is advised to establish financing frameworks that not only increase the transparency in policymaking but also ensure greater accountability in their execution.

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The Role of GDP Growth in the ESG Approach at World Level

Cited by 3 publications

References 23 publications

The Impact of Government Expenditure on Education in the ESG Models at World Level

The Impact of Government Expenditure on Education in the ESG Models at World Level

The Impact of Government Expenditure on Education in the ESG Models at World Level

The Impact of ESG Risks on the Economic Growth in the Western Balkan Countries

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