The global transition to the Sustainable Development Goals (SDGs) has extensively guiding policies and funding until 2030. Since then, governance has become the way through which SD is built. Additionally, this transition was conducive to expanding the usage of the indicators criterion to measure development: Adjusted Net Saving (ANS) measures the degree of Sustainable Development (SD) of a country. Accordingly, the current research aims to empirically explore the main determinants of the SD in Egypt throughout the period (1996- 2021). In doing so, the Autoregressive Distributed Lag Model (ARDL) has been applied to test the Co-integration relationship between SD and selected variables that are seen to determine SD in Egypt. The research further employs the Error Correction Model (ECM) to explore the short-run relationship. The empirical results revealed that while Governance stimulated SD, it was not so for the Economic Freedom. The Error Correction Coefficient showed that 92% in imbalances in the SD will be adjusted through the next year. Building on that, this research recommends improving governance arrangements are crucial for delivering SDGs in Egypt by 2030. More specifically, additional attention should be paid to the governance aspects which have a downturn performance as the research will explain. |
