Abstract
Whether institutional quality and governance help or hinder progress towards the 17 Sustainable Development Goals (SDGs) of UN Agenda 2030 is an important issue to consider. These fundamental social structures are generally under-represented among the SDGs, but institutional quality and governance often have an important role in supporting or constraining efforts to achieve sustainable development. We compare estimates of the changes in net welfare that reflect progress towards the 17 SDGs over 2000–2018 with two institutional quality and governance indicators over the same period. We do this at the world level, for the group of low-income countries and for nine representative developing countries. We utilize the Worldwide Governance Indicators and OECD’s Country Risk Classification as our two institutional quality and governance measures. We find that SDG welfare gains are somewhat correlated with institutional quality and highly correlated with lower country risk. These results suggest that good governance and institutional effectiveness are associated with long-run development and sustainability success. Long-term progress towards the SDGs may hinge on improved institutional quality and reduced country risk.
Highlights
Sustainable Development Goals (SDGs) of United Nations (UN) Agenda 2030 is an important issue to consider
SDG welfare gains are somewhat correlated with institutional quality and highly correlated with lower country risk
These results suggest that good governance and institutional effectiveness are associated with long-run development and sustainability success
Summary
Sustainable Development Goals (SDGs) of UN Agenda 2030 is an important issue to consider. We compare estimates of the changes in net welfare that reflect progress towards the 17 SDGs over 2000–2018 with two institutional quality and governance indicators over the same period We do this at the world level, for the group of low-income countries and for nine representative developing countries. Recent evidence shows that more effective institutions and governance are essential to reducing extreme poverty and achieving other development goals that are important to low and middle-income economies [13]. Attaining the SDGs can be viewed as sustainable development in its broadest sense, through achieving progress across economic, Academic Editors: Margarita
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