IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH
The article examines the influence of ESG (Environmental, Social and Governance) factors at the macroeconomic level. The changes in economic growth from the implementation of environmental, social and managerial aspects of sustainable development in 21 countries for 2000–2022 are analyzed. The study...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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National Research Tomsk Polytechnic University
2023-06-01
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| Series: | Векторы благополучия: экономика и социум |
| Subjects: | |
| Online Access: | https://jwt.su/journal/article/view/1600/1215 |
| _version_ | 1797753813290975232 |
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| author | Maria N. Shatova Galina A. Barysheva |
| author_facet | Maria N. Shatova Galina A. Barysheva |
| author_sort | Maria N. Shatova |
| collection | DOAJ |
| description | The article examines the influence of ESG (Environmental, Social and Governance) factors at the macroeconomic level. The changes in economic growth from the implementation of environmental, social and managerial aspects of sustainable development in 21 countries for 2000–2022 are analyzed. The study was carried out using the methods of cointegration, correlation and regression analysis. It was found that there is a positive relationship between ESG and GDP (Gross Domestic Product) per capita. The results obtained could be used for subsequent theoretical and empirical developments in the field of implementation of ESG principles, as well as the humanization of economic growth. In addition, the integration of environmental, social and managerial factors into macroeconomic analysis is not so much a choice as a necessity. Identifying emerging trends and assessing potential consequences in the form of opportunities or obstacles to growth is also important for making effective investment and financial decisions. |
| first_indexed | 2024-03-12T17:24:20Z |
| format | Article |
| id | doaj.art-4d56514d833b411ba4e6798f37738af3 |
| institution | Directory Open Access Journal |
| issn | 2658-4956 |
| language | English |
| last_indexed | 2024-03-12T17:24:20Z |
| publishDate | 2023-06-01 |
| publisher | National Research Tomsk Polytechnic University |
| record_format | Article |
| series | Векторы благополучия: экономика и социум |
| spelling | doaj.art-4d56514d833b411ba4e6798f37738af32023-08-05T07:48:50ZengNational Research Tomsk Polytechnic UniversityВекторы благополучия: экономика и социум2658-49562023-06-01492 14715710.18799/26584956/2023/2/1600IMPACT OF ESG INDICATORS ON ECONOMIC GROWTHMaria N. Shatova0Galina A. Barysheva1National Research Tomsk Polytechnic UniversityNational Research Tomsk Polytechnic UniversityThe article examines the influence of ESG (Environmental, Social and Governance) factors at the macroeconomic level. The changes in economic growth from the implementation of environmental, social and managerial aspects of sustainable development in 21 countries for 2000–2022 are analyzed. The study was carried out using the methods of cointegration, correlation and regression analysis. It was found that there is a positive relationship between ESG and GDP (Gross Domestic Product) per capita. The results obtained could be used for subsequent theoretical and empirical developments in the field of implementation of ESG principles, as well as the humanization of economic growth. In addition, the integration of environmental, social and managerial factors into macroeconomic analysis is not so much a choice as a necessity. Identifying emerging trends and assessing potential consequences in the form of opportunities or obstacles to growth is also important for making effective investment and financial decisions. https://jwt.su/journal/article/view/1600/1215sustainable developmenteconomic growthesg transformationesg principlesgross domestic producthumanizationcointegrationstandard of living |
| spellingShingle | Maria N. Shatova Galina A. Barysheva IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH Векторы благополучия: экономика и социум sustainable development economic growth esg transformation esg principles gross domestic product humanization cointegration standard of living |
| title | IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH |
| title_full | IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH |
| title_fullStr | IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH |
| title_full_unstemmed | IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH |
| title_short | IMPACT OF ESG INDICATORS ON ECONOMIC GROWTH |
| title_sort | impact of esg indicators on economic growth |
| topic | sustainable development economic growth esg transformation esg principles gross domestic product humanization cointegration standard of living |
| url | https://jwt.su/journal/article/view/1600/1215 |
| work_keys_str_mv | AT marianshatova impactofesgindicatorsoneconomicgrowth AT galinaabarysheva impactofesgindicatorsoneconomicgrowth |