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Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank

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Listed:
  • Shailesh Rastogi
  • Kuldeep Singh
  • Jagjeevan Kanoujiya

Abstract

Purpose - Nowadays, informed decision-making is catching up. Technological advancements and computing ability further fuel and facilitate this tilt toward informed decision-making. In such a scenario, data is cynosure. Therefore, the ability to gather data by a nation (incredibly accurate public data) becomes equally important and relevant, as measured by statistical performance indicators (SPI). This study aims to explore the association of financial inclusion (FI); environmental, social and governance (ESG); poverty; and SPI. Design/methodology/approach - The panel data of 140 nations for nine years are gathered to explore the association of FI, ESG and poverty with the SPI. Panel data estimation is conducted to arrive at the results. Findings - The findings of this study highlight mixed outcomes for FI. ESG is positively associated with SPI, but poverty is not associated with SPI. These findings imply that an increase in FI may reduce the statistical capacity of the nations. An increase in ESG increases the capacity. However, change in poverty does not influence the SPI. The recommendation based on this study’s outcome suggests auditing the FI and poverty vis-à-vis SPI to ensure SPI’s veracity and robustness in the long run. Originality/value - The way in which the individual social, economic and environmental indicators influence the SPI needs to be tested to establish the veracity and robustness of the SPI, which is barely researched as observed in the literature.

Suggested Citation

  • Shailesh Rastogi & Kuldeep Singh & Jagjeevan Kanoujiya, 2023. "Do countries capture their inclusive growth, sustainability, and poverty correctly? A study on statistical performance indicators defined by World Bank," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 19(10), pages 1935-1951, May.
    • Handle: RePEc:eme:srjpps:srj-12-2022-0553
    DOI: 10.1108/SRJ-12-2022-0553
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    2. Ubeda, Fernando & Mendez, Alvaro & Forcadell, Francisco Javier & López, Belén, 2024. "How socially sustainable multinational banks promote financial inclusion in developing countries," LSE Research Online Documents on Economics 124260, London School of Economics and Political Science, LSE Library.
    3. Ioana Birlan & Adriana AnaMaria Davidescu & Catalina-Elena Tita & Tamara Maria Nae, 2025. "Modeling Regional ESG Performance in the European Union: A Partial Least Squares Approach to Sustainable Economic Systems," Mathematics, MDPI, vol. 13(15), pages 1-42, July.
    4. Ubeda, Fernando & Mendez, Alvaro & Forcadell, Francisco Javier & López, Belén, 2024. "How socially sustainable multinational banks promote financial inclusion in developing countries," Research in International Business and Finance, Elsevier, vol. 71(C).

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