The Unassuming Economist

From The Statesman:

“Lamenting the fact that the global growth rate at just over 3 per cent is the lowest since the turn of the century when an average of nearly 4 per cent prevailed till COVID pandemic, the G20 Troika of Brazil, India and South Africa on Wednesday observed that accelerating progress towards sustainable development goals (SDGs) requires inclusive digital transformation.

”Technology (also) is moving at dizzying pace, and if equitably deployed, affords us a historic opportunity to raise growth, reduce inequality and take one giant step towards bridging the gap in attaining the SDGs, three countries said in a joint communique, endorsed by several G20 countries, guest countries and international organisations which participated in the G20 Summit in Brazil.”

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For conference proceedings of the international scientific conference KNOWCON 2020, click here.

From a paper by Cintia Darma Yenti, Nathasya , Akmal Yusuf , and Erni Febrina Harahap:

“This research aims to analyze the factors that influence income inequality in West Sumatra Province. Some of the variables that are taken into consideration are: unemployment, education and poverty. The research uses secondary data from the Central Statistics Agency (BPS), using panel data regression analysis in 19 Regencies/Cities in West Sumatra Province, during 2017-2023. The selected research model uses the Fixed Effect Model (FEM). The research results show that: (1) the unemployment variable has a positive and insignificant effect on income inequality, (2) the education variable has a negative and significant effect on income inequality, (3) the poverty variable has a positive and significant effect on income inequality.”

From a paper by Roman Horvath, Eva Horvatova, Maria Siranova:

“We examine the determinants of financial development using our global sample and employing different measures of financial development that assess the degree of depth and efficiency of financial intermediaries. We use instrumental variable Bayesian model averaging to test competing theories with this unifying framework. After examining nearly 20 potential determinants of financial development, we find that the rule of law, as well as some of its components, is the most important. In addition, our results suggest that wealth inequality is irrelevant to banking sector development but positively associated with stock market development.”

From a paper by Roberta Capello, Simona Ciappei and Camilla Lenzi:

“Despite the numerous contributions assessing the efficiency and effectiveness of Cohesion Policies, their role in stimulating growth and cohesion in different macroeconomic settings and in different business cycle periods remains highly debated. This article aims at contributing to this literature by investigating the link between Cohesion Policy, economic growth and interregional inequalities over periods of crisis and recovery. In particular, the article analyses whether Cohesion Policy is beneficial for the recovery of those regions mostly hit by the crisis and contributes to narrowing interregional gaps enhanced by the crisis. In addition, the paper analyses how the link between Cohesion Policy and interregional inequalities changes by investment axes, as it is the case of Research, Technology Development and Innovation funds, targeted to different goals. Based on an analysis covering all EU27 and UK NUTS2 regions in the period 2008–2019, the article confirms the multifaceted nexus between Cohesion Policy and interregional inequalities. It also raises warnings about the potential conflicts between its overarching goals and its multiple and expanding strategic objectives.”