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  • The Impact of Within Inequality and Climate Policies' on the Economic Growth (Cases of the EU, the UK, the Scandinavian Countries and Turkey)

The Impact of Within Inequality and Climate Policies' on the Economic Growth (Cases of the EU, the UK, the Scandinavian Countries and Turkey)

Student: Belozerov Matvey

Supervisor: Olga Klochko

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2024

This research delves into the impact of addressing domestic inequality and implementing climate policies on economic growth in various countries. Sustainable development has become a significant topic in global discussions due to the rise of globalization. The study aims to understand how different countries operate and the steps they take to achieve sustainable development. By using econometric models, the research assesses how measures to tackle inequality and climate policies affect economic growth at different levels of development. An innovative aspect of this study involves grouping countries based on their economic and social-climatic development efficiency to evaluate the effectiveness of these measures across different economic stages. By identifying key strategies to combat inequality, analyzing various types of climate policies, and examining variables that characterize the success of these measures, the research aims to create a "roadmap" towards sustainable development that integrates economic and social-climatic efficiencies based on different national development stages. Transitioning to sustainable development presents challenges such as implementing economically sound strategies and determining the most effective policies to adopt. The research hypothesizes that addressing inequality has a more pronounced economic impact in less economically developed countries compared to highly developed nations. Furthermore, it suggests that the economic effects of climate policies are more significant in advanced economies than in less developed ones. The study seeks to pinpoint a set of measures and policies that are both economically and socio-climatically effective for each stage of economic development. The theoretical framework of the study examines strategies to tackle domestic inequality and climate policies, the methods used to measure their impact on economic growth, and potential implications for sustainable development in different countries.

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