Interpretation of Sustainable Development Using a Set of Macroeconomic and Social Indicators for a Group of Nine Emerging Economies

This paper studies the evolution of the most important emerging economies between 2002 and 2017 by estimating their capacity to implement the 2030 Sustainable Development Agenda. In the existing literature there are only a few studies aiming to estimate the capacity of emerging countries to implement the sustainable development goals and demonstrate how groups are performing in the achievement of these goals. Being aware of the strengths and weaknesses of such studies, the authors identified a group of nine countries by applying as the main criterion the size of the economy, reflected by Gross Domestic Product (GDP) in current prices, taking into account the level registered in 2017. From a methodological point of view, the study was conducted through three stages: data collection and processing; empirical analysis and correlation testing; and cluster analysis using Statistica software (10.0, StatSoft, Tulsa OK, USA). The results of this investigation highlighted that all of the nine examined countries have the attributes needed to achieve the Sustainable Development Goals, based on the qualitative and quantitative analysed indicators. Furthermore, the nine countries have already developed measures and adopted national strategies to implement the 2030 Agenda, with political will being also a relevant factor in this regard. This study provides a framework for theoretical and empirical analysis that could also be used in the future, whereby both the number of countries and the timeframe taken into account could be increased in order to identify new development trends for emerging economies.