Determinants of ensuring sustainable development in developed countries: quantitative assessment

The discussion of issues related to sustainable development is broad and requires not only qualitative analysis, but also the use of modeling methods to assess the current situation in the global economy. So, in this article, the influence of factors resulting in the SDG implementation index was considered. The econometric analysis was carried out based on data for 2022 for developed countries. To construct a multiple regression, factors influencing the implementation of the SDGs were selected, namely the human capital development index and gross national savings. The results obtained during the study indicate a moderate influence of the factors under consideration, as well as the presence of other determinants of the implementation of the SDGs, such as the involvement of the private sector in the implementation of the SDGs; the presence of sustainable institutions capable of creating a favorable environment for sustainable development; investments in the "green economy" and CSR; the level of education and awareness of the UN program on sustainable development.

1. Ramon Rahangmetan. Sustainable development in developing countries. CoSE, 2021. Available from: https://cose-eu.org/2021/10/11/sustainable-development-in-developing-countries/ [Accessed 6 July 2023].

2. Ignatov A., Mikhnevich S., Popova I., Safonkina E., Sakharov A., Shelepov A. Leading Donors’ Approaches to SDGs Implementation. International Organisations Research Journal. 2019;14(1):164–188. DOI: 10.17323/1996-7845-2019-01-10.

3. Sachs J.D., Lafortune G., Fuller G., Drumm E. (2023). Implementing the SDG Stimulus. Sustainable Development Report 2023. Dublin: Dublin University Press, 2023. Available from: http://www.tara.tcd.ie/handle/2262/102924 [Accessed 4 July 2023].

4. Dahliah D., Nur A.N. The influence of unemployment, human development index and gross domestic product on poverty level. Golden Ratio of Social Science and Education. 2021 Aug 21;1(2):95-108. http://dx.doi.org/10.52970/grsse.v1i2.84.

5. Aust V, Morais A.I, Pinto I. How does foreign direct investment contribute to Sustainable Development Goals? Evidence from African countries. Journal of Cleaner Production. 2020. http://dx.doi.org/10.1016/j.jcle-pro.2019.118823.

6. Rashed, A.H., Shah, A. The role of private sector in the implementation of sustainable development goals. Environ Dev Sustain 23, 2931–2948 (2021). https://doi.org/10.1007/s10668-020-00718-w.

7. Van Zanten J.A, Van Tulder R. Multinational enterprises and the Sustainable Development Goals: An institutional approach to corporate engagement. Journal of International Business Policy. 2018. http://dx.doi.org/10.1057/s42214-018-0008-x.

8. Koronkevich K. A. (2019). Socio-economic aspects of sustainable development: problems of overpopulation and overconsumption. In: Implementationof sustainable development goals:european and russian experience: collection of scientific articles based on the conference materials/ edited by Candidate of Economic Sciences E.V. Viktorova. – St. Petersburg : Publishing House of UNECON, 2019:216–223. (In Russ.)

9. Khoreva L. V. (2019). Sustainable development and corporate social responsibility: new accents. In: Implementation of sustainable development goals: european and russian experience: collection of scientific articles based on the conference materials / edited by Candidate of Economic Sciences E.V. Viktorova. St. Petersburg: Publishing House of UNECON; 2019:175–181. (In Russ.)