Can sustainable development goals go hand in hand with economic growth? Evidence from Morocco
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Author(s)Mustapha ZikyLink to ORCID Index: https://orcid.org/0000-0002-6662-6669
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Latifa El-AbdellaouiLink to ORCID Index: https://orcid.org/0009-0008-8389-3209
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DOIhttp://dx.doi.org/10.21511/ppm.21(3).2023.51
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Article InfoVolume 21 2023, Issue #3, pp. 656-670
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- 375 Views
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107 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
This study investigates the influence of implementing the Sustainable Development Goals (SDGs) on the economic growth of Morocco. The main purpose is to empirically verify whether the pursuit of sustainable development goals can go hand in hand with economic growth. Employing a robust least squares regression, this paper analyzed carefully chosen data that closely aligns with the essence of the SDG indicators. The findings reveal a positive correlation between financial inclusion and financial stability and the economic growth. Conversely, the poverty reduction exerts a positive effect on economic growth, while the quality of education does not sufficiently account for changes in GDP. Moreover, the estimates indicate a favorable outcome stemming from the enhancement of institutional quality, reflected in improved economic freedoms, as well as the reduction of administrative burdens, both of which positively contribute to economic growth. Furthermore, the results demonstrate a negative impact of renewable energy and a negligible influence of energy efficiency on Morocco’s economic growth. The negative impact of renewable energy can be attributed to a number of sources, including high initial costs, structural changes in the industry and the need to set up infrastructure for production. The positive effects of adopting renewable energies on economic growth can take time to be realized over the very long term.
- Keywords
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JEL Classification (Paper profile tab)O11, O44, Q01, Q56, I25
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References48
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Tables11
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Figures3
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- Figure 1. Normality test for residuals
- Figure 2. Stability of the model by the CUSUM test and the CUSUMSQ test
- Figure 3. Confidence ellipse
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- Table 1. Definition of variables used
- Table 2. Descriptive statistics
- Table 3. Correlation matrix
- Table 4. Variance decomposition of the coefficients
- Table 5. Augmented Dickey-Fuller (ADF) unit root test
- Table 6. ARDL limit test
- Table 7. Ramsey RESET test
- Table 8. Correlogram statistics
- Table 9. Heteroscedasticity ARCH test
- Table 10. LM serial correlation test
- Table 11. Robust least squares regression estimates
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Impact on poverty and income inequality in Malaysia’s economic growth
Rabiul Islam 
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Ahmad Bashawir Abdul Ghani ,
Irwanshah Zainal Abidin ,
Jeya Malar Rayaiappan
doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
Problems and Perspectives in Management Volume 15, 2017 Issue #1 pp. 55-62 Views: 11846 Downloads: 5652 TO CITE АНОТАЦІЯPoverty and income inequality are extreme issues that still exist in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970’s. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia’s economic growth. The research is focused among the working people at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.
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Impact of inflation on economic growth: evidence from Nigeria
Anthony Olugbenga Adaramola ,
Oluwabunmi Dada
doi: http://dx.doi.org/10.21511/imfi.17(2).2020.01
Investment Management and Financial Innovations Volume 17, 2020 Issue #2 pp. 1-13 Views: 9001 Downloads: 5250 TO CITE АНОТАЦІЯIn an attempt to examine the influence of inflation on the growth prospects of the Nigerian economy, the study employs the autoregressive distributed lag on the selected variables, i.e. real gross domestic product (GDP), inflation rate, interest rate, exchange rate, degree of economy`s openness, money supply, and government consumption expenditures for the period 1980–2018. The study findings indicate that inflation and real exchange rate exert a significant negative impact on economic growth, while interest rate and money supply indicate a positive and significant impact on economic growth. Other variables in the model depict no influence on the economic growth of Nigeria. The causality result shows the unidirectional relationships between interest rate, exchange rate, government consumption expenditures and gross domestic product. However, inflation and the degree of openness show no causal relationship with gross domestic product. As a result, the study recommends that a more pragmatic effort is needed by the monetary authorities to target the inflation vigorously to prevent its adverse effect by ensuring a tolerable rate that would stimulate the economic growth of Nigeria.
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Formalization of the impact of imbalances in the movement of financial resources on economic growth of countries in Central and Eastern Europe
Serhiy Kozmenko ,
Maxim Korneyev
doi: http://dx.doi.org/10.21511/afc.01(1).2017.06
Accounting and Financial Control Volume 1, 2017 Issue #1 pp. 48-58 Views: 7840 Downloads: 1371 TO CITEThe article deals with the impact of financialization on economic growth in countries of Central and Eastern Europe. It determinesthe impact of imbalances in the movement of financial resources caused by financialization on economic growth of these countries. It proves that the implementation of measures aimed at increasing the openness of the economy and maintaining solvent demand have a positive impact on economic growth of the surveyed countries in the long run. It also proves the importance of developing a set of measures of strategic nature regulating imbalances in the movement of financial resources caused by financialization.
