Search

Turbulent socioeconomic environment significantly affects the state and dynamics of the regional labour market. The paper develops and tests a methodological toolkit for assessing the state of a regional labour market allowing for the main socioeconomic trends – digitalisation and innovative development of the economy. Labour economics constitutes the methodological basis of the research. Methods of economic statistical and content analysis were used. The evidence is the 2021 data of the Federal State Statistics Service of the Russian Federation concerning the labour markets of the Central Black Earth economic region of Russia, which comprises Belgorod, Voronezh, Kursk, Lipetsk and Tambov oblasts. The suggested method for investigating the state of the regional labour market takes into account the impact of digitalisation and innovative development processes on the latter. Testing the method at the case of the Central Black Earth economic region revealed that the regions’ labour markets appreciably lag behind other subjects of the Russian Federation in terms of wages and encounter labour shortages against rather low rates of digital transformation and innovative development in their economies. The paper formulates recommendations for all parties of the social partnership, which suggest boosting the investment attractiveness of regions; creating high-productive jobs; spurring the activities of trade unions and associations; retaining the youth in the regions; increasing the efficiency of career guidance; attracting labour migrants, first and foremost, from other Russian regions due to improvements in economic, social and household infrastructure; promoting competencies of citizens of pre-retirement age and retired citizens; creating conditions for acceleration of digital transformation as well as expanding regions’ innovation activities.

Mining activities and efforts to increase human capital in East Luwu Regency, Indonesia, have not been able to contribute significantly to achieving Sustainable Development Goals, namely reducing unemployment and poverty. This study aims to determine whether the contribution of the mining sector and human capital affects the achievement of SDGs, either directly or indirectly. The novelty of this research is that it seeks to explore how much influence human capital and the mining sector in East Luwu, the largest mining center in Indonesia, have on realizing inclusive economic development. The type of research used is descriptive quantitative with a path analysis method approach using secondary time series data in the span of fifteen years, 2008-2022, obtained from the Statistics of Indonesia (BPS). Referring to the research results, it can be concluded that the mining sector's contribution has a negative effect on reducing unemployment and poverty in East Luwu Regency. Likewise, human capital has a negative effect on reducing unemployment and poverty. Meanwhile, the unemployment rate variable positively affects the poverty rate. Seen from the indirect effect, the mining sector and human capital can reduce poverty indirectly through the unemployment rate variable. The implication of this study is to provide new information for the government and private sector to encourage the mining sector to grow inclusively and consistently in reducing unemployment and poverty, as stated in the vision of sustainable development goals (SDGs). Impact statement: The practical implication of this research is that it is new information as well as targets and strategies for the government and private sectors operating in the mining sector to jointly encourage a mining sector that can involve local communities in terms of labor supply and fulfilment of supply chain need to contribute to reducing unemployment and poverty. Likewise, in the aspect of increasing human capital, the quality should continue to be improved, such as the development of training and skills to be able to participate in mining activities to help vulnerable people get out of the poverty chain. Moreover, the huge government revenue from the mining sector allows the government and private sector to collaboratively contribute to improving the quality of human capital massively and achieving sustainable development, as stated in the vision of sustainable development goals (SDGs). [ABSTRACT FROM AUTHOR]

As circular business activity is a pivotal component of the European Green Deal, this study examines its impact on economic prosperity by examining how the model influences income levels. The investigation spans a panel of 27 European Union (EU) member countries from 2014 to 2023, factoring in the income effect of consumption footprint and public trust in governing institutions. Based on the system Generalized Method of Moments (GMM) estimators of the dynamic panel model, the results reveal that circular business activities enhance economic well-being. However, the interaction effect of consumption footprint limits the full potential of this enhancing effect. Moreover, as public confidence in government institutions improves, so does economic well-being. This perspective underscores the pivotal role of trust in bolstering the economic benefits of circular business activities, leading to more robust societal conditions. Overall, the study suggests that while circular business activities can improve economic well-being, efficient management of the consumption footprint is crucial for optimization. Its policy implication emphasizes balancing economic aspects with social, institutional, and environmental elements to enhance individual well-being. Thus, the findings contribute to the literature and provide valuable policy insights into circular economy models, opening up avenues for future consideration. Impact Statement: This study highlights the significant role of circular business activities in enhancing economic prosperity within the framework of the European Green Deal. By analyzing data from 27 EU member countries between 2014 and 2023, the research demonstrates that while circular business practices positively impact economic well-being, their full potential is constrained by the interaction effect of consumption footprint. Additionally, it finds that increased public trust in government institutions further amplifies the economic benefits of circular activities. The study underscores the importance of managing consumption footprints and fostering institutional trust to optimize circular economy models' economic and societal advantages. These insights offer valuable policy implications, emphasizing the need to integrate various factors to improve overall well-being. [ABSTRACT FROM AUTHOR]