Revisiting the determinants of life expectancy in Asia—exploring the role of institutional quality, financial development, and environmental degradation

Ijaz Uddin (), Muhammad Azam Khan (), Muhammad Tariq (), Farah Khan () and Zilakat Khan Malik ()
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Ijaz Uddin: Abdul Wali Khan University Mardan
Muhammad Azam Khan: Abdul Wali Khan University Mardan
Muhammad Tariq: Abdul Wali Khan University Mardan
Farah Khan: Women University Mardan
Zilakat Khan Malik: University of Peshawar

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 5, No 15, 11289-11309

Abstract: Abstract This study revisited the socioeconomic factors determining life expectancy by specifically focusing on the role of institutional quality, financial development, and environmental degradation proxied by carbon emissions and ecological footprint for selected Asian countries, namely Bangladesh, Bhutan, India, Nepal, Pakistan, and Sri Lanka, from 2002 to 2020. We employed CIPS (cross-sectional Im, Pesaran, and Shin) unit root tests, CS-ARDL (cross-sectional augmented distributed lag (CS-ARDL), FMOLS (fully modified ordinary least squares), and DOLS (dynamic ordinary least squares) for the empirical examination of the data. The long-run estimates exhibit that institutional quality, financial development, and health expenditure variables contribute to longer life expectancy, while carbon emissions, ecological footprint, birth rate, mortality rate, and population growth reduce life expectancy in the selected Asian countries. Based on these findings, we propose that financial sector strengthening, increase in healthcare budget allocation, the adoption of clean and green technology and stringent environmental pollution regulatory policies are vital for improving life expectancy and overall human well-being and achieving the ultimate goals of sustainable development.

Keywords: Financial development; Health spending; Institutional quality; Environment; Life expectancy; Asia (search for similar items in EconPapers)
JEL-codes: E02 G2 H51 K32 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10668-023-03283-0

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