Macroeconomic Modelling Towards Achieving Sustainable Development Goal-13 in India

Authors

Aqib Mujtaba Dr., Department of Economics, Akal University Talwandi Sabo, Bathinda-151302, Punjab, IndiaFollow
Pravakar Sahoo Dr., Institute of Economic Growth, University of Delhi Enclave, New Delhi and NITI Aayog,Follow
Pabitra Kumar Jena Dr., School of Economics, Shri Mata Vaishno Devi University Katra, Jammu and Kashmir, IndiaFollow

Document Type

Call for Paper

Abstract

This study develops a macroeconomic model to examine the relationships between the energy sector, economic growth and the environment in India over the period 1971 to 2021. Aligning with the United Nations SDG-13 and using the Seemingly Unrelated Regression Equation (SURE) model, we find that the services and agriculture sectors, non-renewable energy consumption, government expenditure, money supply, carbon dioxide emissions per capita, inflation, and population are crucial factors. The services sector and government spending notably impact economic growth and environmental degradation due to increased energy demand and emissions.

Recommended Citation

Mujtaba, Aqib Dr.; Sahoo, Pravakar Dr.; and Jena, Pabitra Kumar Dr. (2025) "Macroeconomic Modelling Towards Achieving Sustainable Development Goal-13 in India," Bulletin of Monetary Economics and Banking: Vol. 28: No. 0, Article 4.
DOI: https://doi.org/10.59091/2460-9196.2377
Available at: https://bulletin.bmeb-bi.org/bmeb/vol28/iss0/4

First Page

11

Last Page

40

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

India

Affiliation

Shri Mata Vaishno Devi University, Katra, Jammu & Kashmir, India