The Long-Run Perspective of Life Expectancy and Economic Growth in the South Asian Countries

Abstract

Economic growth is one of the prime priority of macroeconomic aspirations of any country. The major focus of this study is to examine  the long-run dependency between life expectancy and economic growth in six south Asian countries. The study has used  secondary data to find the relationship over the time 1984 to 2017. Non-stationary panel techniques have been employed for empirical  works. Results of Levin, Lin and Chu t* test; Breitung t-stat; Im, Pesaran and Shin W-stat; Augmented Dickey Fuller(ADF)  Fisher Chi-square and PP Fisher Chi-square test reveals that data set is stationary. Using Pedroni residual cointegration and Kao  residual cointegration test the study has confirmed that there is long-run relatiohship between the life expectancy at birth and  economic growth. Then employing panel dynamic ordinary least square (DOLS) the study has indicated significant positive relation  between life expectancy and economic growth.