Do Higher Education and Financial Institutions Improve Health in China? A New Perspective

Abstract

The importance of human wellbeing is documented in the literature of development economics because of its intensifying impacts on economic growth and productivity of labor in the long-run. To the best of the authors' knowledge, no empirical study has examined the symmetric association between China's financial institutional development, education, and health outcomes. Thus, our study aims to fill this vacuum by employing an autoregressive distributed lag (ARDL) approach to explore the impact of financial institutional development and education on life expectancy and infant mortality rate from 1990 to 2020. The empirical analysis reveals that financial institutional development and education report a significant increase in life expectancy and meaningful reduction in mortality rate in the long-run. Based on these findings, the study may deliver intuitive policy implications regarding improvement in health conditions that are imperative for promoting economic growth in the long-run.

Impacts of Household Consumption Expenditure on Gross Regional Domestic Product during the COVID-19 Pandemic

“…Firstly, it aims to elucidate the repercussions of the Covid-19 pandemic on macroeconomic indicators like the Gross Regional Domestic Product (GRDP), household consumption expenditure, government consumption, and the total number of workers in Indonesia. Secondly, the study intends to compare the GRDP of Indonesia before and after the pandemic, providing further insights into the economic impact of this global crisis (34)(35)(36)(37)(38). The research benefits both the academic world and society broadly.…”