Measuring The Influence of The Central Business District Development of SDGs on The Growth and Income of People Affected by The Development of The New Nusantara Capital City

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Sugeng Susanto, Al-Amin, Hardiansyah Padli, Yefri Joni, Windy Dwi Zhelsa Fithri, Shinta Lintang Nurillah, Istiqom Shinta Hardiyanti, Heru Widoyo, Julia Adelina, Irnayenti, Marwini

2025 International Journal of Accounting and Economics Studies Vol. 12 Issue 4 Article Cited by 3 Quartile

Abstract

Purpose: This study aims to analyze the impact of implementing the Sustainable Development Goals (SDGs) on community growth and Income using a quantitative approach. Design/methodology/approach: This study employs SEM-PLS analysis using the WarpPLS 8.0 analysis tool, chosen due to its ability to analyze complex relationships between variables through structural models. Findings: The results of the analysis show that the SDGs have a positive and significant influence on growth, with a regression coefficient (β) value of 0.90 and a p-value of 0.01, which is smaller than the significance level of 0.05, indicating that the achievement of the SDGs contributes significantly to the increase in economic growth rate. In addition, the SDGs also have a positive and significant effect on people's Income, with a β value of 0.95 and a p-value of 0.01, which is also smaller than 0.05. These findings show that the implementation of the SDGs principles can accelerate economic growth and increase people's Income. Therefore, development policies that support the achievement of the SDGs are critical to encouraging sustainable economic welfare, and sustainable development policies to prioritize the achievement of the SDGs goals to support long-term financial welfare. Practical implications: By systematically tracking these metrics, stakeholders can begin to quantify how and to what extent CBD and SDGintegrated development in Nusantara influences economic growth, people's incomes, and social-environmental wellbeing, grounding bold national goals in tangible, measurable outcomes. Social implications: The development of Nusantara's CBD presents a pivotal opportunity to create a just, inclusive, and culturally rooted capital if social dimensions are prioritized, including the recognition and protection of the rights of indigenous peoples. Empower communities in design and implementation. Foster inclusive spaces and equitable housing. Promote social cohesion through cultural preservation. Monitor outcomes through SDG-aligned, transparent frameworks. This is a rare opportunity for a socially resilient capital one that reflects the SDG vision in motion, not just concrete and towers. Research limitations/implications: To robustly measure the impacts of CBD SDG on growth and Income in Nusantara-affected populations, research must: bridge data and voice gaps through mixed methods, apply rigorous quasi-experimental designs with control comparisons, and Track outcomes longitudinally aligned with SDG metrics. Embed equity, ecological, and governance dimensions into all analyses. Originality/value: By emphasizing the fusion of CBD planning, SDG integration, and local Income methodological innovation, your research will stand out as an original and valuable contribution, offering both academic rigor and high policy utility for Nusantara and beyond. © Sugeng Susanto et al.

Affiliations

Universitas Raharja, Indonesia; Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia; Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi, Indonesia; BAZNAS Kabupaten Mojokerto, Indonesia; Binus University, Indonesia; Department of Tourism, Universitas Negeri Padang, Padang, Indonesia; Universitas Diponegoro, Semarang, Indonesia