Are the World Countries Achieved the United Nations Sustainable Development Goal of Caring for People? A Case Study of Reducing Unemployment(Pages 544-551)
Fatma Ahmed Hassan*1
Assistant Professor of Economics, Department of Economics, College of Business & Administration, Princess Nourah bint Abdulrahman University.
The study aimed to find out the extent of achieving one of the most important sustainable development goals of the United Nations, which is the goal of caring for people, by investigating the impact of spending on education and research and development(R&D) as one of the tools for caring for people and its impact on decreasing unemployment rates. Applied to high-income countries2 compared to low and middle-income countries according to the World Bank classification. Using econometrics methodology by applying Vector Autoregressive Model and Autoregressive Distributed Lag model. For high-income countries, the results of the short term, as well as the long term, confirmed that spending on education did not play a role in reducing unemployment, while spending on research and development plays a positive role in reducing unemployment. For low- and middle-income countries, short-term proved that spending on education has a positive role in reducing unemployment rates, and the positive role of spending on research and development did not prove, but in the long term, the results were counterproductive, as spending on education could not reduce unemployment, however, spending on research and development can reduce unemployment in those countries, These results reflect the distortions in the labor market and the mismatch between the education process and the requirements of the labor market in all countries of the world, and hence its slowdown in achieving sustainable development.
Government spending - Education- Research & Development- Unemployment- Sustainable Development Goals High Income Countries- Low & Middle Income Countries.
How to Cite:
Fatma Ahmed Hassan. Are the World Countries Achieved the United Nations Sustainable Development Goal of Caring for People? A Case Study of Reducing Unemployment. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a56/
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