Hussein, Hassan Abdikadir and Warsame, Abdimalik Ali and Ahmed, Mohamed Yusuf and abdullahi, Abdulkadir Mohamed (2024) Fostering economic growth in Somalia: the role of life expectancy and environmental degradation. Discover Sustainability, 5 (1). ISSN 2662-9984 (Submitted)
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Abstract
Abstract
Economic growth is a primary objective for countries worldwide since it has a pivotal impact on enhancing living standards, alleviating poverty, and promoting general societal well-being. Hence, this study examines the connection between
life expectancy, environmental pollution, and economic growth in Somalia by using time-series data from 1990 to 2020.
The study employs the autoregressive distributed lag (ARDL) bound test and fully modifed ordinary least squares (FMOLS)
method. The empirical results of the bound test indicate that life expectancy is statistically signifcant and positively
afects economic growth in the long run. However, it does not signifcantly afect economic growth in the short run.
Furthermore, environmental pollution does not signifcantly impact economic growth in the long run but enhances it in
the short run. The study indicates that life expectancy improves economic growth. Based on the empirical evidence, the
study provides several policy implications, including public health initiatives, health-related infrastructure, and sustainable environmental practices, which are recommended.
Keywords Economic growth · Life expectancy · Environmental degradation · Trade openness · Population growth
Item Type: | Article |
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Subjects: | A General Works > AC Collections. Series. Collected works |
Divisions: | Faculty of Management Sciences |
Depositing User: | Center for Research and Development SIMAD University |
Date Deposited: | 18 Nov 2024 10:15 |
Last Modified: | 18 Nov 2024 10:15 |
URI: | https://repository.simad.edu.so/id/eprint/487 |