Assessing the Economic Impact of Sustainable Development Goals (SDGs) through DSGE Modeling

Andrianady, Josué R. (2023): Assessing the Economic Impact of Sustainable Development Goals (SDGs) through DSGE Modeling.

Abstract

This article aims to analyze the impact of the Sustainable Development Goals (SDGs) on the economy using a DSGE model. We simulate two different shocks: an increase and a decrease in the SDGs expenditures to evaluate their effects on key macroeconomic variables. The results show that an increase in the SDGs expenditures has a positive effect on most macroeconomic variables, while a decrease in the SDGs has a negative effect. These findings suggest that pursuing the SDGs can lead to sustainable economic growth and improved living conditions in Madagascar.

• Item Type: MPRA Paper
• Language: English
• Keywords: Sustainable Development Goals (SDGs), DSGE model, Madagascar, economic growth, economic policy.
• Subjects: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development

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