Impact of 2030 Sustainable Development Goals on Economic Growth: The Case of G20 Countries
2030 Yılı Sürdürülebilir Kalkınma Hedeflerinin Ekonomik Büyümeye Etkisi: G20 Ülkeleri Örneği
Anahtar Kelimeler:
Sustainable Development Goals- GDP Growth- Agenda 2030- Panel Data AnalysisÖzet
This study aims to empirically examine the effects of the 17 sustainable development goals (SDGs) defined under the United Nations' 2030 Agenda for Sustainable Development on economic growth (GDP Growth) for G20 countries. The balanced panel data set covering the 2000-2020 period is composed of annual SDG scores and economic growth rates for 18 G20 countries and the fixed effects model is used in the analyses. GDP growth is taken as the dependent variable and SDG1-SDG17 scores as the independent variable. According to the findings, SDG1 (Poverty Reduction) and SDG11 (Sustainable Cities) have positive and significant effects on economic growth. On the other hand, SDG7 (Clean Energy) and SDG17 (Partnerships and Governance) have negative and significant effects on growth. The impact of other goals is not statistically significant. The explanatory power of the model is moderate (R² ≈ 49 per cent), suggesting that sustainable development performances are associated with economic outcomes in different ways. The results suggest that sustainable development strategies should be harmonised with economic growth objectives in an integrated manner.
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