Measuring Scale for the Evaluation of the Sustainable Development Goals in Public Investment Projects. The case of Morro de Moravia Project in Medellin, Colombia

Abstract

This paper identies the key dimensions in the evaluation of a public investment project of environmental transformation carried out in Moravia neighborhood in Medellín, Colombia. The Sustainable Development Goals approach is adopted through a modified five-dimensional scale applied to 197 inhabitants of the area of influence. Confirmatory factor analysis and structural equation models were used to derive first and second order models that could be used to define the scale. From the model, the identification of appropriate variables that can effectively contribute to the recognition of sustainable development to optimize the destination of public resources, as well as the sustainability over time of the projects for a better design of public policies are derived.