IDEAS home Printed from https://ideas.repec.org/a/ist/journl/v70y2020i1p163-181.html
   My bibliography  Save this article

The Impact of Economic Indicators on Life Expectancy: A Panel Data Analysis

Author

Listed:
  • Bayram AYDIN

    (Yozgat Bozok Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Yozgat, Türkiye)

Abstract

In this study, economic indicators which have an effect on life expectancy were investigated for OECD countries in the early 21st century. When the development levels of countries and their life expectancy are examined, it is seen that underdeveloped countries are significantly behind the life expectancy at birth compared to developed countries. For this reason, it is of great importance to find out why the length of life is higher in economically developed countries and to investigate the economic indicators affecting this situation. When the studies in the literature are evaluated, it is seen that despite the importance of the subject, there are not enough studies examining the relationship between life expectancy and economic variables. In this study, Panel Regression Analysis and Panel Granger Causality Analysis were used for the period 20002016. According to the findings of the study, bidirectional causality was determined between life expectancy and unemployment rate, and life expectancy and gross domestic product. Also, unidirectional causality relationship was determined from health expenditures to life expectancy. In addition, regression analysis revealed that health expenditures are the most important factor affecting the life expectancy for OECD countries. This result shows that in terms of development, providing a better life to individuals and society is possible when the health expenditure of countries is increased to a higher level.

Suggested Citation

  • Bayram AYDIN, 2020. "The Impact of Economic Indicators on Life Expectancy: A Panel Data Analysis," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 70(1), pages 163-181, June.
  • Handle: RePEc:ist:journl:v:70:y:2020:i:1:p:163-181
    DOI: 10.26650/ISTJECON2019-0028
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/download/article-file/1180114
    Download Restriction: no

    File URL: https://dergipark.org.tr/tr/pub/istjecon/issue/55681/761472
    Download Restriction: no

    File URL: https://libkey.io/10.26650/ISTJECON2019-0028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Abdalali Monsef & Abolfazl Shahmohammadi Mehrjardi, 2015. "Determinants of Life Expectancy: A Panel Data Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(11), pages 1251-1257, November.
    2. Abdalali Monsef & Abolfazl Shahmohammadi Mehrjardi, 2015. "Determinants of Life Expectancy: A Panel Data Approach," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 5(11), pages 1251-1257.
    3. Hickson, Kerry Jane, 2009. "The contribution of increased life expectancy to economic development in twentieth century Japan," Journal of Asian Economics, Elsevier, vol. 20(4), pages 489-504, September.
    4. Hansen, Casper Worm, 2013. "Life expectancy and human capital: Evidence from the international epidemiological transition," Journal of Health Economics, Elsevier, vol. 32(6), pages 1142-1152.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhongdong Yu & Wei Liu & Liming Chen & Serkan Eti & Hasan Dinçer & Serhat Yüksel, 2019. "The Effects of Electricity Production on Industrial Development and Sustainable Economic Growth: A VAR Analysis for BRICS Countries," Sustainability, MDPI, vol. 11(21), pages 1-13, October.
    2. Gracia De Renteria, Pilar & Ferrer Perez, Hugo & Philippidis, George & Sanjuan Lopez, Ana Isabel, 2021. "Capturing the drivers of social SDGs: An econometric analysis of the dimensions of health and education," Conference papers 333271, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Mohammad Mafizur Rahman & Rezwanul Rana & Rasheda Khanam, 2022. "Determinants of life expectancy in most polluted countries: Exploring the effect of environmental degradation," PLOS ONE, Public Library of Science, vol. 17(1), pages 1-16, January.
    4. Amjad Ali & Marc Audi & Yannick Roussel, 2021. "Economic Misery, Urbanization and Life Expectancy in MENA Nations: An Empirical Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 11(5), pages 17-27.
    5. Ana Poças & Elias Soukiazis & Micaela Antunes, 2020. "Factors Explaining Life Expectancy at Age 65: A Panel Data Approach Applied to European Union Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 150(1), pages 265-288, July.
    6. Pedro Antonio Martín Cervantes & Nuria Rueda López & Salvador Cruz Rambaud, 2019. "A Causal Analysis of Life Expectancy at Birth. Evidence from Spain," IJERPH, MDPI, vol. 16(13), pages 1-14, July.
    7. Chika Priscilla Imoagwu & Uche Collins Nwogwugwu & Uju Regina Ezenekwe & Chris Ulua Kalu, 2023. "Food Production and Life Expectancy: Evidence from the Economic Community of West African States (ECOWAS)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 2099-2112, September.
    8. ŞENTÜRK, İsmail & Ali, Amjad, 2019. "Socioeconomic Determinants of Gender Specific Life Expectancy in Turkey: A Time Series Analysis," MPRA Paper 97815, University Library of Munich, Germany.
    9. Pedro Antonio Martín Cervantes & Nuria Rueda López & Salvador Cruz Rambaud, 2020. "The Relative Importance of Globalization and Public Expenditure on Life Expectancy in Europe: An Approach Based on MARS Methodology," IJERPH, MDPI, vol. 17(22), pages 1-20, November.
    10. Behiye Cavusoglu & Obadiah Jonathan Gimba, 2021. "Life Expectancy in Sub-Sahara Africa: An Examination of Long-Run and Short-Run Effects," Asian Development Policy Review, Asian Economic and Social Society, vol. 9(1), pages 57-68, March.
    11. Nusrat Jafrin & Muhammad Mehedi Masud & Abu Naser Mohammad Saif & Masnun Mahi & Moriam Khanam, 2021. "A panel data estimation of the determinants of life expectancy in selected SAARC countries," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 31(4), pages 69-87.
    12. Pedro Antonio Martín Cervantes & Nuria Rueda López & Salvador Cruz Rambaud, 2020. "Life Expectancy at Birth in Europe: An Econometric Approach Based on Random Forests Methodology," Sustainability, MDPI, vol. 12(1), pages 1-17, January.
    13. Strulik, Holger & Werner, Katharina, 2014. "Elite education, mass education, and the transition to modern growth," University of Göttingen Working Papers in Economics 205, University of Goettingen, Department of Economics.
    14. Casper Worm Hansen & Holger Strulik, 2017. "Life expectancy and education: evidence from the cardiovascular revolution," Journal of Economic Growth, Springer, vol. 22(4), pages 421-450, December.
    15. Karine Constant & Natacha Raffin, 2016. "Environnement, croissance et inégalités : le rôle particulier du canal de la santé," Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 9-29.
    16. Ethem Esen & Merve Çelik Keçili, 2022. "Economic Growth and Health Expenditure Analysis for Turkey: Evidence from Time Series," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 1786-1800, September.
    17. Casper Worm Hansen & Peter Sandholt Jensen & Peter Egedesø Madsen, 2016. "Information and Disease Prevention: Tuberculosis Dispensaries," Discussion Papers 16-01, University of Copenhagen. Department of Economics.
    18. Kaur, Harpaljit & Habibullah, Muzafar & Nagaratnam, Shalini, 2019. "Impact of Natural Disasters on Biodiversity: Evidence Using Quantile Regression Approach," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(2), pages 67-81.
    19. von Gaessler, Anne Edle & Ziesemer, Thomas, 2016. "Optimal education in times of ageing: The dependency ratio in the Uzawa–Lucas growth model," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 125-142.
    20. Kerry Hickson, 2014. "The GDP Value of Twentieth-Century Health Improvements in Developed Economies: Initial Estimates for England," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(2), pages 385-399, June.

    More about this item

    Keywords

    The life expectancy; Economic indicators; Panel data analysis;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ist:journl:v:70:y:2020:i:1:p:163-181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ertugrul YASAR (email available below). General contact details of provider: https://edirc.repec.org/data/ifisttr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.