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Exploring the Influence of Three Dimensions of Sustainable Development Goals on Economic Growth: An Evidence from Selected SAARC Countries

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  • Shakoor, Abdul

    (University of Karachi, Sindh, Pakistan)

  • Ahmed, Roohi

    (University of Karachi, Sindh, Pakistan)

Abstract

The Sustainable Development Goals include three essential dimensions of sustainable development: economic, social, and environmental. These three dimensions of the SDGs are interconnected and essential for achieving sustainable development that addresses economic, social, and environmental challenges. These objectives intend to balance sustainable development's aspects. Sustainable economic growth can only happen if all three dimensions of the SDGs are attained. The study used the Panel ARDL PMG method to investigate the relationship between three SDGs dimensions and economic growth (GDPGRO) in SAARC countries from 2000 to 2020. The study found that economic sustainable development goals have positive relationship with economic growth (GDPGRO). On the other hand, there is negative relationship between environmental and social sustainable development goals with economic growth, the findings suggest that policies aimed at promoting sustainable development should take into account the specific context of each country and the interplay between different dimensions of SDGs with economic growth

Suggested Citation

  • Shakoor, Abdul & Ahmed, Roohi, 2024. "Exploring the Influence of Three Dimensions of Sustainable Development Goals on Economic Growth: An Evidence from Selected SAARC Countries," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 49(3), pages 149-175, September.
    • Handle: RePEc:ris:jecdev:0097
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    More about this item

    Keywords

    Economic SDGs; Environmental SDGs; Social SDGs; Economic Growth; ARDL PMG; SAARC Countries;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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