Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries
By using the combination of several regression techniques on panel data, this study explores the influence of human capital, institutional quality, and the Fourth Industrial Revolution on unemployment rates in 46 Asian countries during the period from 2007 to 2020. According to the generalized meth...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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IEECA
2023-03-01
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| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://ieeca.org/journal/index.php/JEECAR/article/view/1010 |
| _version_ | 1811158592811696128 |
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| author | Oanh Tran Trung Dao Le Nga Phan Thi Hang Nguyen Huynh The |
| author_facet | Oanh Tran Trung Dao Le Nga Phan Thi Hang Nguyen Huynh The |
| author_sort | Oanh Tran |
| collection | DOAJ |
| description |
By using the combination of several regression techniques on panel data, this study explores the influence of human capital, institutional quality, and the Fourth Industrial Revolution on unemployment rates in 46 Asian countries during the period from 2007 to 2020. According to the generalized method of moments (GMM), there are a total of 9 factors affecting the unemployment rate in the researched model, including high-tech exports, inflation, population, gross domestic product, government spending, foreign debt, foreign direct investment, human capital, and institutions. This result confirmed that high-tech development increases unemployment in Asia; however, the nexus between human capital and institutional situation with the unemployment rate is different based on the particular fields. Moreover, some policy implications also have been suggested to reduce unemployment in Asian countries in the context of the Fourth Industrial Revolution.
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| first_indexed | 2024-04-10T05:26:43Z |
| format | Article |
| id | doaj.art-3f06592f78a6477c916206782225860f |
| institution | Directory Open Access Journal |
| issn | 2328-8272 2328-8280 |
| language | English |
| last_indexed | 2024-04-10T05:26:43Z |
| publishDate | 2023-03-01 |
| publisher | IEECA |
| record_format | Article |
| series | Journal of Eastern European and Central Asian Research |
| spelling | doaj.art-3f06592f78a6477c916206782225860f2023-03-07T17:21:25ZengIEECAJournal of Eastern European and Central Asian Research2328-82722328-82802023-03-0110210.15549/jeecar.v10i2.1010Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countriesOanh Tran0Trung Dao LeNga Phan Thi HangNguyen Huynh TheUniversity of Finance - Marketing By using the combination of several regression techniques on panel data, this study explores the influence of human capital, institutional quality, and the Fourth Industrial Revolution on unemployment rates in 46 Asian countries during the period from 2007 to 2020. According to the generalized method of moments (GMM), there are a total of 9 factors affecting the unemployment rate in the researched model, including high-tech exports, inflation, population, gross domestic product, government spending, foreign debt, foreign direct investment, human capital, and institutions. This result confirmed that high-tech development increases unemployment in Asia; however, the nexus between human capital and institutional situation with the unemployment rate is different based on the particular fields. Moreover, some policy implications also have been suggested to reduce unemployment in Asian countries in the context of the Fourth Industrial Revolution. https://ieeca.org/journal/index.php/JEECAR/article/view/1010UnemploymentHuman capitalinstitutional qualitythe Fourth Industrial Revolution |
| spellingShingle | Oanh Tran Trung Dao Le Nga Phan Thi Hang Nguyen Huynh The Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries Journal of Eastern European and Central Asian Research Unemployment Human capital institutional quality the Fourth Industrial Revolution |
| title | Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries |
| title_full | Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries |
| title_fullStr | Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries |
| title_full_unstemmed | Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries |
| title_short | Impacts of human capital, the fourth industrial revolution, and institutional quality on unemployment: An rmpirical study at Asian countries |
| title_sort | impacts of human capital the fourth industrial revolution and institutional quality on unemployment an rmpirical study at asian countries |
| topic | Unemployment Human capital institutional quality the Fourth Industrial Revolution |
| url | https://ieeca.org/journal/index.php/JEECAR/article/view/1010 |
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