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

Andrianady Josue

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Sustainable Development Goals (SDGs); DSGE model; Madagascar; economic growth; economic policy. (search for similar items in EconPapers)
JEL-codes: F43 O47 Q01 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-dge, nep-env and nep-knm
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https://mpra.ub.uni-muenchen.de/117028/1/MPRA_paper_117028.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/117220/1/ODD%20SPEND%20ENGLISH%20FINAL.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117028

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