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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ijaz Uddin & Muhammad Azam Khan & Muhammad Tariq & Farah Khan & Zilakat Khan Malik, 2024. "Revisiting the determinants of life expectancy in Asia—exploring the role of institutional quality, financial development, and environmental degradation," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(5), pages 11289-11309, May.
    • Handle: RePEc:spr:endesu:v:26:y:2024:i:5:d:10.1007_s10668-023-03283-0
    DOI: 10.1007/s10668-023-03283-0
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    Keywords

    Financial development; Health spending; Institutional quality; Environment; Life expectancy; Asia;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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