Onaran, Özlem ORCID: https://orcid.org/0000-0002-6345-9922 and Oyvat, Cem ORCID: https://orcid.org/0000-0002-5097-0246 (2023) The employment effects of public spending in infrastructure, the care economy and the green economy: the case of emerging economies. Project Report. International Trade Union Confederation (ITUC), Brussels, Belgium.

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Abstract

This report investigates the impacts of increased public spending in the care economy, the green economy, and in infrastructure on the employment of men and women and a country’s GDP, in eight selected emerging economies. The paper makes use of a vector autoregression (VAR) model for each country and explores policy scenarios for increased public spending within these three sectors. The paper demonstrates the employment creation potential of renewable energy, public transport, other infrastructure, and the care economy. In doing so, it highlights the potential of strengthened policies to facilitate a just transition to a zero-carbon economy. In addition, the gendered employment effects of the three types of public spending are considered, and the importance of a policy mix to ensure that a just transition is gender equitable is highlighted. The paper further calculates the associated fiscal multipliers of public spending in care, the green economy, and infrastructure based on the estimated effects on GDP. It is found that the multiplier effects on GDP are positive across all the analysed countries and, in most of them, it is substantial in all the spending categories, reaching more than one in the medium term.

Item Type:	Monograph (Project Report)
Uncontrolled Keywords:	global economy; green jobs; green economy; 2030 agenda for sustainable development; climate- and employment-proof our work with just transition; employment; public spending; infrastructure; care economy; emerging economies
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HJ Public Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Department of Accounting & Finance Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) Greenwich Business School > Political Economy, Governance, Finance and Accountability (PEGFA)
Related URLs:	Publisher
Last Modified:	02 Dec 2024 16:08
URI:	http://gala.gre.ac.uk/id/eprint/38515

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