Impact of Economic Growth, Environmental Pollution, and Energy Consumption on Health Expenditure and R&D Expenditure of ASEAN Countries
Muhammad Haseeb (),
Sebastian Kot (),
Hafezali Iqbal Hussain and
Kittisak Jermsittiparsert ()
Additional contact information
Muhammad Haseeb: Taylor’s Business School, Taylor’s University Lakeside Campus, 1 Jalan Taylors, Subang Jaya 47500, Malaysia
Sebastian Kot: Faculty of Economic and Management Sciences, North-West University, Vaal Triangle Campus, P.O. Box 1174, Vanderbijlpark 1900, South Africa
Kittisak Jermsittiparsert: Social Research Institute, Chulalongkorn University, Bangkok 10330, Thailand
Energies, 2019, vol. 12, issue 19, 1-21
The purpose of the current study was to examine the determinants of R&D expenditure and health expenditure of ASEAN countries. The research objectives were developed to analyze the short-term as well as the long-term impact of economic growth, environmental pollution, and energy consumption on health and R&D expenditures. The data was collected for ten years for ASEAN countries using the Auto-Regressive Distributed Lag (ARDL) approach, which helped the researcher to assess long-run as well as the short-run association of these variables. The findings revealed that environmental pollution, energy consumption, and economic growth had a significant positive impact on health expenditure as well as on R&D expenditure of ASEAN countries in long-run. The findings further revealed that environmental pollution and economic growth had a significant impact on R&D expenditure in short-run; however, there was no significant impact of energy consumption on R&D expenditure in short-run. It was also found that there was no significant impact of any of the independent variables, i.e., energy consumption, economic growth, and environmental pollution, on health expenditure in short-run. The current study and findings have significant implications in theory and practice.
Keywords: environmental pollution; economic growth; energy consumption; health expenditure; R&D expenditure; ASEAN countries; ARDL approach (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:12:y:2019:i:19:p:3598-:d:269269
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