Forecasting sustainable development indicators using XGBoost: evidence from Brazil, Canada, China and India (2005–2023), Dr Mohamad Knio, Dr Ali Balikel
Dr Mohamad Saad El Dine Knio
School of Business, Economics Department
Lebanese International University
Lebanon
ORCID: 0000-0001-9074-8618
Dr Ali Eren Balikel
School of Business, Management Department
Istanbul Kent University
Turkey
ORCID: 0000-0002-9739-9729
Paper Type: Research
Received: 23 October 2025 / Revised: 29 November 2025 / Accepted: 12 December 2025 / Published: 30 December 2025
DOI: 10.47556/J.WJEMSD.21.4.2025.4
Purpose: This paper discusses the potential of machine learning to predict sustainable development indicators, gross domestic product (GDP), employment, and CO₂ emissions in Brazil, Canada, China and India to build a sustainable policy.
Design/Methodology/Approach: An annual panel data (2005–2023) was employed to adopt a deductive and explanatory design. XGBoost (Extreme Gradient Boosting) is an algorithm that models nonlinear relationships and identifies important predictors based on macroeconomic, environmental, and policy variables.
Findings: XGBoost revealed high accuracy on GDP, and the balance of payments, climate policy, and green investment were some of the important predictors. CO₂ and employment forecasts were less certain because they were overfitted.
Originality/Value: The paper identifies the application of machine learning to predict sustainable development, particularly economic modelling.
Research Limitations/Implications: There is an implication of overfitting and data limitations, which implies that higher-frequency data and hybrid models are required.
Practical Implications: The implication is based on evidence based policymaking in green investment planning and climate policy evaluation.
Keywords: XGBoost; Economic Forecasting; Gross Domestic Product; Employment; CO₂ Emissions; Machine Learning.
Citation: Knio, M. S. E. D. and Balikel, A. E. (2025): Forecasting Sustainable Development Indicators Using XGBoost: Evidence from Brazil, Canada, China and India (2005-2023). World Journal of Entrepreneurship, Management and Sustainable Development (WJEMSD), Vol. 21, No. 4, pp. 339-353.
