IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v31y2023i4p3038-3051.html
   My bibliography  Save this article

Disparities in sustainable development goals compliance and their association with country risk

Author

Listed:
  • Luisa Marti
  • Roberto Cervelló‐Royo

Abstract

The sustainable development goals are aimed at making humankind aware of the importance of establishing common guidelines relating to three fundamental purposes: eradicating poverty, protecting the planet, and improving people's lives. Sustainable development is linked to financial and business risk, financing is necessary to achieve the SDGs. In this context, the aim of this paper is to analyze the homogeneity in SDG achievement, based on People, Planet, Prosperity, Peace, and Partnership for year 2021. To that end, a cluster analysis is applied, distinguishing between two samples of countries defined by their level of wealth. Furthermore, a synthetic indicator is used to produce a ranking of countries according to their achievement of the SDGs; contingency tables are then created and the χ2 test is used to identify which country risk factors are associated with SDG achievement. The results indicate that the major powers perform similarly in successfully achieving the 5Ps. Also, the χ2 test confirms that a good economic and financial position which allows access to international financial markets at a reasonable cost is linked to optimal SDG achievement in high‐income areas. However, Economic assessment, Access to international capital markets and Debt indicators are not associated with better SDG achievement in the poorest countries.

Suggested Citation

  • Luisa Marti & Roberto Cervelló‐Royo, 2023. "Disparities in sustainable development goals compliance and their association with country risk," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 3038-3051, August.
    • Handle: RePEc:wly:sustdv:v:31:y:2023:i:4:p:3038-3051
    DOI: 10.1002/sd.2568
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.2568
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.2568?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bianca Haas & Marcus Haward & Jeffrey McGee & Aysha Fleming, 2021. "Explicit targets and cooperation: regional fisheries management organizations and the sustainable development goals," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 21(1), pages 133-145, March.
    2. Asadullah, M. Niaz & Savoia, Antonio, 2018. "Poverty reduction during 1990–2013: Did millennium development goals adoption and state capacity matter?," World Development, Elsevier, vol. 105(C), pages 70-82.
    3. David Tremblay & François Fortier & Jean‐François Boucher & Olivier Riffon & Claude Villeneuve, 2020. "Sustainable development goal interactions: An analysis based on the five pillars of the 2030 agenda," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(6), pages 1584-1596, November.
    4. Carmelo Reverte, 2022. "The importance of institutional differences among countries in SDGs achievement: A cross‐country empirical study," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1882-1899, December.
    5. Edward B. Barbier & Joanne C. Burgess, 2021. "Institutional Quality, Governance and Progress towards the SDGs," Sustainability, MDPI, vol. 13(21), pages 1-11, October.
    6. Cling, Jean-Pierre & Delecourt, Clément, 2022. "Interlinkages between the Sustainable Development Goals," World Development Perspectives, Elsevier, vol. 25(C).
    7. Andreas Antoniades & Stephany Griffith‐Jones, 2018. "Global debt dynamics: The elephant in the room," The World Economy, Wiley Blackwell, vol. 41(12), pages 3256-3268, December.
    8. Jeffrey D. Sachs & Guido Schmidt-Traub & Mariana Mazzucato & Dirk Messner & Nebojsa Nakicenovic & Johan Rockström, 2019. "Six Transformations to achieve the Sustainable Development Goals," Nature Sustainability, Nature, vol. 2(9), pages 805-814, September.
    9. Mariia Kostetckaia & Markus Hametner, 2022. "How Sustainable Development Goals interlinkages influence European Union countries’ progress towards the 2030 Agenda," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 916-926, October.
    10. Rosa Puertas & Luisa Marti, 2023. "Regional analysis of the sustainable development of two Mediterranean countries: Spain and Italy," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 797-811, April.
    11. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    12. Shahbaz, Muhammad & Sharma, Rajesh & Sinha, Avik & Jiao, Zhilun, 2021. "Analyzing nonlinear impact of economic growth drivers on CO2 emissions: Designing an SDG framework for India," Energy Policy, Elsevier, vol. 148(PB).
    13. Umar Muhammad Modibbo & Irfan Ali & Aquil Ahmed, 2021. "Multi-objective optimization modelling for analysing sustainable development goals of Nigeria: Agenda 2030," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(6), pages 9529-9563, June.
    14. Ema Gusheva & Vincent de Gooyert, 2021. "Can We Have Our Cake and Eat It? A Review of the Debate on Green Recovery from the COVID-19 Crisis," Sustainability, MDPI, vol. 13(2), pages 1-16, January.
    15. Mehdi Jabbari & Majid Shafiepour Motlagh & Khosro Ashrafi & Ghahreman Abdoli, 2020. "Differentiating countries based on the sustainable development proximities using the SDG indicators," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(7), pages 6405-6423, October.
    16. Jason Hickel, 2019. "The contradiction of the sustainable development goals: Growth versus ecology on a finite planet," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(5), pages 873-884, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cem Işık & Serdar Ongan & Hasibul Islam & Stefania Pinzon & Gul Jabeen, 2024. "Navigating sustainability: Unveiling the interconnected dynamics of ESG factors and SDGs in BRICS‐11," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 5437-5451, October.
    2. Chong‐Wen Chen, 2024. "Who wins and who loses in global SDGs rankings? Clarifying the influence of the North‐South divide and foreign direct investment on spillover effects," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 2653-2665, June.
    3. Anil Markandya & Laura Cavalli & Arnab Bhattacharya & Gregmar Galinato & Luca Farnia, 2025. "Links between the sustainable development goals: An analysis for Italy," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 1068-1084, February.
    4. Naiping Zhu & Talat Mehmood Khan & Tehmina Khan, 2024. "The influential ambit of optimal corporate social responsibility investments on the cost of capital in Chinese private firms," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 5090-5103, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rosa Puertas & Luisa Marti, 2023. "Regional analysis of the sustainable development of two Mediterranean countries: Spain and Italy," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 797-811, April.
    2. Jaemin Song & Chang‐Ho Jang, 2023. "Unpacking the sustainable development goals (SDGs) interlinkages: A semantic network analysis of the SDGs targets," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(4), pages 2784-2796, August.
    3. Mariia Kostetckaia & Markus Hametner, 2022. "How Sustainable Development Goals interlinkages influence European Union countries’ progress towards the 2030 Agenda," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 916-926, October.
    4. Fabrizio De Francesco & Valérie Pattyn & Hannah Salamon, 2024. "The monitoring and evaluation challenges of the sustainable development goals: An assessment in three European countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 1913-1924, June.
    5. Hervé Corvellec & Johan Hultman & Anne Jerneck & Susanne Arvidsson & Johan Ekroos & Niklas Wahlberg & Timothy W. Luke, 2021. "Resourcification: A non‐essentialist theory of resources for sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1249-1256, November.
    6. Bin Xue & Bingsheng Liu & Tao Liang & Dong Zhao & Tao Wang & Xingbin Chen, 2022. "A heterogeneous decision criteria system evaluating sustainable infrastructure development: From the lens of multidisciplinary stakeholder engagement," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(4), pages 556-579, August.
    7. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    8. Joanna Kudełko, 2025. "Development sustainability levels in EU countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 2797-2811, April.
    9. Mehmet Çağlar & Cem Gürler, 2022. "Sustainable Development Goals: A cluster analysis of worldwide countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(6), pages 8593-8624, June.
    10. Jan Anton van Zanten & Rob van Tulder, 2020. "Beyond COVID-19: Applying “SDG logics” for resilient transformations," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 451-464, December.
    11. Virág, Doris & Wiedenhofer, Dominik & Baumgart, André & Matej, Sarah & Krausmann, Fridolin & Min, Jihoon & Rao, Narasimha D. & Haberl, Helmut, 2022. "How much infrastructure is required to support decent mobility for all? An exploratory assessment," Ecological Economics, Elsevier, vol. 200(C).
    12. Anil Markandya & Laura Cavalli & Arnab Bhattacharya & Gregmar Galinato & Luca Farnia, 2025. "Links between the sustainable development goals: An analysis for Italy," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 1068-1084, February.
    13. Cotterman, Turner & Fuchs, Erica R.H. & Whitefoot, Kate S. & Combemale, Christophe, 2024. "The transition to electrified vehicles: Evaluating the labor demand of manufacturing conventional versus battery electric vehicle powertrains," Energy Policy, Elsevier, vol. 188(C).
    14. Kristin Linnerud & Erling Holden & Morten Simonsen, 2021. "Closing the sustainable development gap: A global study of goal interactions," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 738-753, July.
    15. Yizhong Huan & Lingqing Wang & Mark Burgman & Haitao Li & Yurong Yu & Jianpeng Zhang & Tao Liang, 2022. "A multi‐perspective composite assessment framework for prioritizing targets of sustainable development goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 833-847, October.
    16. Tom Henfrey & Giuseppe Feola & Gil Penha‐Lopes & Filka Sekulova & Ana Margarida Esteves, 2023. "Rethinking the sustainable development goals: Learning with and from community‐led initiatives," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 211-222, February.
    17. Paul Bertheau & Robert Lindner, 2022. "Financing sustainable development? The role of foreign aid in Southeast Asia's energy transition," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(1), pages 96-109, February.
    18. Syrus M. Islam & Asheq Rahman, 2023. "Impact investment deal flow and Sustainable Development Goals: “Mind the gap?”," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 3797-3813, December.
    19. Andrew R. Tilman & Robert G. Haight, 2023. "Public policy for management of forest pests within an ownership mosaic," Papers 2312.05403, arXiv.org, revised Dec 2024.
    20. Andrianady, Josué R., 2023. "Assessing the Economic Impact of Sustainable Development Goals (SDGs) through DSGE Modeling," MPRA Paper 117028, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:sustdv:v:31:y:2023:i:4:p:3038-3051. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.