Published May 12, 2023
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Assessing the Economic Impact of Sustainable Development Goals (SDGs) through DSGE Modeling
Description
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.
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