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

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  • Andrianady, Josué R.

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.

Suggested Citation

  • Andrianady, Josué R., 2023. "Assessing the Economic Impact of Sustainable Development Goals (SDGs) through DSGE Modeling," MPRA Paper 117028, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117028
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    References listed on IDEAS

    as
    1. Jeffrey D. Sachs & Guido Schmidt-Traub & Mariana Mazzucato & Dirk Messner & Nebojsa Nakicenovic & Johan Rockström, 2019. "Six Transformations to achieve the Sustainable Development Goals," Nature Sustainability, Nature, vol. 2(9), pages 805-814, September.
    2. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Sustainable Development Goals (SDGs); DSGE model; Madagascar; economic growth; economic policy.;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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