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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Khaleda Akter & Zerin Tasnime & S.M. Nasir Uddin, 2020. "Role of Globalization and Financial Development on the Population’s Health Status in the South Asian Countries: A Panel Quantile Regression Investigation," International Journal of Science and Business, IJSAB International, vol. 4(11), pages 82-92.
    • Handle: RePEc:aif:journl:v:4:y:2020:i:11:p:82-92
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    References listed on IDEAS

    as
    1. Shahbaz, Muhammad & Shafiullah, Muhammad & Kumar, Mantu, 2019. "The Dynamics of Financial Development, Globalization, Economic Growth and Life Expectancy in Sub-Saharan Africa," MPRA Paper 96649, University Library of Munich, Germany, revised 20 Oct 2019.
    2. Muhammad Shahbaz & Muhammad Shafiullah & Mantu K. Mahalik, 2019. "The dynamics of financial development, globalisation, economic growth and life expectancy in sub‐Saharan Africa," Australian Economic Papers, Wiley Blackwell, vol. 58(4), pages 444-479, December.
    3. Tanjia Binte Zafar & Wenguang Ding & Ghulam Murtaza Khan & Li He & Chen Hao, 2019. "Environment Protection Strategies and Climate Change Adaption for Sustainable Development: An Overview of Bangladesh," International Journal of Science and Business, IJSAB International, vol. 3(3), pages 107-113.
    4. Wang, Zhaohua & Asghar, Muhammad Mansoor & Zaidi, Syed Anees Haider & Nawaz, Kishwar & Wang, Bo & Zhao, Wehui & Xu, Fengxing, 2020. "The dynamic relationship between economic growth and life expectancy: Contradictory role of energy consumption and financial development in Pakistan," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 257-266.
    5. A.H.M. Shahid Shami & Tania Islam & Istihak Rayhan, 2019. "Investigating the Macroeconomic Factors That Determine a Female Worker to Participate in the Labor Force: Evidence from the South Asian Countries," Journal of Business, LAR Center Press, vol. 4(2), pages 12-18, February.
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