The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan

Zhaohua Wang, Muhammad Mansoor Asghar, Syed Anees Haider Zaidi (), Kishwar Nawaz, Bo Wang, Wehui Zhao and Fengxing Xu
Authors registered in the RePEc Author Service: Zhao-Hua Wang ()

Structural Change and Economic Dynamics, 2020, vol. 53, issue C, 257-266

Abstract: This paper tends to investigate the linkage between economic growth and life expectancy by considering the potential role of financial development and energy consumption using data of Pakistan. Traditional as well as advanced unit root tests for observing the stationary properties of the variables were applied. For exploring the cointegration levels among life expectancy and its determinants, ARDL bounds testing technique in the existence of structural breaks which were stemming in the data has been investigated. The empirical results provide the confirmation for the presence of cointegration between the variables. Further, economic growth is positively associated with life expectancy. Financial development is revealing a negative effect on life expectancy in the scenario of Pakistan. Energy consumption lowers life expectancy via environmental degradation. Furthermore, this empirical analysis provides new insights to policymakers for using financial development and energy consumption as economic tools to improve life expectancy by directing energy and finance policies.

Keywords: Economic growth; Life expectancy; Financial development; Energy consumption; Pakistan (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Working Paper: The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:53:y:2020:i:c:p:257-266

DOI: 10.1016/j.strueco.2020.03.004

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