4.7 Article

Coexistence of sustainability and growth in different economies

Journal

JOURNAL OF BUSINESS RESEARCH
Volume 170, Issue -, Pages -

Publisher

ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2023.114352

Keywords

Sustainable development; Economic growth; Stock market; CO2 emissions; Innovation

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This article focuses on the compatibility of macroeconomic indicators, specifically GDP per Capita, stock exchange indexes, and CO2 emissions, with the Sustainable Development Goals (SDGs). The findings question the simultaneous applicability of different SDGs.
Research background: The Sustainable Development Goals (SDGs) and their practical application to national economies have raised different lines of investigation among which this research focuses on interactions between macroeconomic indicators, namely Gross Domestic Product per Capita (GDPpC), Stock Exchange Indexes and CO2 emissions as indexes representative of SDGs achievement. Purpose of the article: This research aims to analyze the current compatibility of the different SDG, more specifically those related to economic growth and climate sustainability. Methods: Two methods have been followed: a descriptive methodology based on the Pearson Correlation Coefficient to assess potential behavioral parallelisms between the indexes studied. Inference, to define functional relations and potential causality traits between the macroeconomic indicators. Findings and value added: The main added value of this research is to question the true simultaneous applicability of the different SDGs.

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