Role of Globalization and Financial Development on the Population’s Health Status in the South Asian Countries: A Panel Quantile Regression Investigation

Khaleda Akter, Zerin Tasnime and S.M. Nasir Uddin
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Khaleda Akter: Lecturer, Department of Economics, Pabna University of Science and Technology, Pabna-6600, Bangladesh
Zerin Tasnime: Lecturer, Department of Finance & Banking, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Gopalganj-8100, Bangladesh
S.M. Nasir Uddin: Department of Economics, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Gopalganj-8100, Bangladesh

International Journal of Science and Business, 2020, vol. 4, issue 11, 82-92

Abstract: Using the annual data from 1983 to 2016, the study attempted to explore the role of globalization and financial development on life expectancy in South Asian countries, at the presence of economic growth and pollution. The study employed the panel quantile regression (median) technique that could provide reliable results in the presence of heteroskedasticity and cross-section dependence in residuals, while pooled OLS, fixed effect and random effect models were not. Estimated results confirm that the model is correctly specified, and there is no asymmetry in quantiles. This study has found a significant positive impact for economic growth, globalization, and financial development, and a significant negative impact for environmental pollution on life expectancy in the study countries. So, policymakers have to promote globalization and financial development to improve the population’s health status, besides controlling environmental pollution.

Keywords: Life expectancy; globalization; financial development; environmental pollution; panel quantile regression (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aif:journl:v:4:y:2020:i:11:p:82-92

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