Rapid rise of life expectancy in Bangladesh: does financial development matter?

Alam, Md Samsul, Islam, Md Shahidul, Shahzad, Syed Jawad Hussain and Bilal, Shazia (2020) Rapid rise of life expectancy in Bangladesh: does financial development matter? International Journal of Finance & Economics. ISSN 1099-1158

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Abstract

This paper investigates the role of financial development in the rapid rise of life expectancy in Bangladesh by using the annual data covering the period of 1972–2013. We examine the unit root properties of the variables employing a structural break unit root test. The combined cointegration and ARDL bounds testing approach confirm the long-run association between financial development and life expectancy in the presence of globalization, income inequality, and economic growth. The long-run elasticities indicate that financial development and globalization (income inequality and economic growth) positively (negatively) affect life expectancy in Bangladesh. The VECM Granger causality analysis indicates that the feedback effect exists between financial development
and life expectancy, and income inequality and life expectancy. Economic
growth and globalization are also found to Granger cause life expectancy. Our findings offer new insights to policy makers which are crucial to improve life expectancy in Bangladesh.

Item Type: Article
Uncontrolled Keywords: finance, financial development, Bangladesh, life expectancy, Globalisation
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
Divisions: Faculty of Arts, Business & Applied Social Science > Suffolk Business School
Depositing User: Md Shahidul Islam
Date Deposited: 22 Sep 2020 09:57
Last Modified: 22 Sep 2020 09:57
URI: http://oars.uos.ac.uk/id/eprint/1404

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