The Role of Unemployment in the ESG Model at World Level

Angelo Leogrande, Domenico Leogrande () and Alberto Costantiello ()
Additional contact information
Domenico Leogrande: UNIBA - Università degli studi di Bari Aldo Moro = University of Bari Aldo Moro

Working Papers from HAL

Abstract: In this article, we investigate the role of Unemployment-U in the context of Environmental, Social and Governance-ESG model at World Level. We use data from 193 countries in the period 2011-2021. We apply Panel Data with Random Effects, Panel Data with Fixed Effects, Pooled Ordinary Least Squares-OLS, and Weighted Least Squares-WLS. We found that among other the level of U is positively associated, among others, to "GHG Net Emissions" and "Government Effectiveness", and negatively associated among others, to "Maximum 5 Day Rainfall" and "Political Stability and Absence of Violence/Terrorism". Furthermore, we confront eight different machine-learning algorithms to predict the future value of U. We found that the best predictive algorithm in terms of maximization of R-squared and minimization of MAE, MSE, and RMSE is the Linear Regression. The value of U is expected to growth of 1.51% on average for the analysed countries.

Keywords: Political Processes: Rent-Seeking; Lobbying; Elections; Legislatures; and Voting Behaviour; Bureaucracy; Administrative Processes in Public Organizations; Corruption; Positive Analysis of Policy Formulation; Implementation D7; Analysis of Collective Decision-Making General Political Processes: Rent-Seeking Lobbying Elections Legislatures and Voting Behaviour Bureaucracy Administrative Processes in Public Organizations Corruption Positive Analysis of Policy Formulation Implementation D7; D70; D72; D73; D78; Analysis of Collective Decision-Making; General (search for similar items in EconPapers)
Date: 2023-07-07
Note: View the original document on HAL open archive server: https://hal.science/hal-04154793v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-04154793v1/document (application/pdf)

Related works:
Working Paper: The Role of Unemployment in the ESG Model at World Level (2023)
Working Paper: The Role of Unemployment in the ESG Model at World Level (2023)
Working Paper: The Role of Unemployment in the ESG Model at World Level (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-04154793

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().