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Breaking the intractable cycle of poverty in a country requires effective resolution of the unemployment problem by the government. One approach to mitigate unemployment is to foster investment in various sectors, and in the era of the industrial revolution, technological innovation should also be considered. The correlation between technology and unemployment has been extensively debated, and this study seeks to examine the connections between technological progress, physical investment, education, inflation, and unemployment in the United States. We utilized panel data from the 51 states from 2015 to 2021 and found that technological advancements resulted in a decline in the unemployment rate, while inflation had an inverse relationship with it, as predicted by the Phillips curve. However, investments in education increased the unemployment rate, indicating that highly educated individuals experienced notable employment difficulties. Our study had two distinct parts: the initial phase analyzed the statistical explanations for the outcomes, while the latter phase introduced initiatives that focused on government intervention to halt the rising unemployment rate. [ABSTRACT FROM AUTHOR]

There is a difference between the ways investment in general and advanced education affects human capital accumulation. Based on the endogenous economic growth model, this study considered the impact of hierarchical education investment on human capital accumulation and economic growth. Using Provincial Panel Data, the empirical analysis found that only investment in general education had a significant effect on economic output per capita, while the effect of investment in advanced education was insignificant. Increasing investment in general education could promote technological progress. However, increasing investment in advanced education does not, which means that the human capital accumulated as a result of advanced education does not have the expected benefit. Furthermore, the expansion of enrolment in colleges and universities promoted the effect of advanced education on economic output and technological progress. [ABSTRACT FROM AUTHOR]

This paper considers the impact of state-owned enterprises on economic growth in China. We consider several possible channels through which state-owned enterprises might play a pro-growth role: first, stabilizing growth in economic downturns by carrying out massive investments; second, promoting technical progress by investing in riskier areas of technology; third, by following a high-road approach to treating workers by paying a living wage which is favorable for China to move toward a more sustainable growth model in the future. Our empirical analysis finds that a higher share of state-owned enterprises is favorable to long-run growth and tends to offset the adverse effect of economic downturns on the regional level. JEL Classification : E11, O47, P31 [ABSTRACT FROM AUTHOR]