Contents of the volume

2019, Volume 72 - Issue 3

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 26 August 2019

THE VOTER TURNOUT/RELATIVE UNEMPLOYMENT RATE HYPOTHESIS

Richard J. Cebula

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THE PHILLIPS CURVE: UNEMPLOYMENT DYNAMICS AND NAIRU ESTIMATES OF POLAND’S ECONOMY

Pavlos Stamatiou, Chaido Dritsaki

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A LINK OF UNEMPLOYMENT RATE BETWEEN TAIWAN AND THE UNITED STATES

Tsai-Lun Cho, Cheng-Wen Lee

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HIGHER EDUCATION AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF WORLD REGIONS TRAJECTORIES

Jabrane Amaghouss, Aomar Ibourk

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LIFE EXPECTANCY AND ECONOMIC GROWTH: EVIDENCE FROM THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

Mduduzi Biyase, Mokgadi Maleka

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Mduduzi BIYASE, School of Economics, University of Johannesburg, South Africa

Co-authors

Mokgadi MALEKA, School of Economics, University of Johannesburg, South Africa

Life Expectancy and Economic Growth: Evidence from the Southern African Development Community

Pages

351-366

Abstract

The objective of this paper is to examine the association between life expectancy and economic growth in a sample of 10 Southern African Development Community members for the period 1985-2017. To account for unobserved country-level heterogeneity we employ the fixed effect estimator. We also use fixed effects two-stage least squares (FE-2SLS) estimator to account for a possible endogeneity bias due to reverse causation between life expectancy and economic growth. Using the fixed effect we find that life expectancy, democracy, and population have the expected positive impact on economic growth. The results are robust to addressing the potential reverse causality between life expectancy and economic growth, controlling for additional variables (such as inflation, trade openness, and government expenditure), and altering the sample of countries (i.e. excluding South Africa from the sample) in the estimation. The estimates from this paper suggest that improving health conditions in the Southern African Development Community can be effective and should continue to be a major focus of policy makers in this region and other developing regions.

JEL classification

O11, O47

Keywords

SADC, Endogeneity, Economic Growth, Fixed Effect, Life Expectancy

Index

  1. Introduction
  2. Literature review
  3. Methodology
  4. Empirical analysis
  5. Regression results
  6. Conclusions

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