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  • The Role of Financial Development and Economic Misery on Life Expectancy: Evidence from Post Financial Reforms in India

    Author(s)
    Alam, Md. Samsul
    Shahbaz, Muhammad
    Paramati, Sudharshan Reddy
    Griffith University Author(s)
    Paramati, Sudharshan Reddy RR.
    Alam, Md. Samsul
    Year published
    2015
    Metadata
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    Abstract
    This paper examines the impact of financial development and economic misery on life expectancy after the implementation of financial reforms in the case of Indian economy. Economic growth, education expenditure and rural–urban income inequality are included as additional determinants of life expectancy over the period of 1990QI–2013QIV. Our empirical findings from the combined cointegration approach confirm the long-run equilibrium relationship among life expectancy, economic growth, economic misery, education expenditure, financial development and rural–urban income inequality. Further, our results on the long-run impact ...
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    This paper examines the impact of financial development and economic misery on life expectancy after the implementation of financial reforms in the case of Indian economy. Economic growth, education expenditure and rural–urban income inequality are included as additional determinants of life expectancy over the period of 1990QI–2013QIV. Our empirical findings from the combined cointegration approach confirm the long-run equilibrium relationship among life expectancy, economic growth, economic misery, education expenditure, financial development and rural–urban income inequality. Further, our results on the long-run impact suggest that financial development, economic growth and education expenditure have a significant and positive impact on life expectancy while economic misery and rural–urban income inequality have a substantial negative impact. Our findings offer a significant contribution to the policy and to the body of knowledge. Policy makers can formulate appropriate policies towards reducing rural–urban income inequality and economic misery so that life expectancy can further increase in India.
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    Journal Title
    Social Indicators Research
    DOI
    https://doi.org/10.1007/s11205-015-1040-4
    Note
    This publication has been entered into Griffith Research Online as an Advanced Online Version.
    Subject
    Sociology not elsewhere classified
    Applied Economics
    Business and Management
    Sociology
    Publication URI
    http://hdl.handle.net/10072/101394
    Collection
    • Journal articles

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