Nexus Among Economic Growth, Education, Health, and Environment: Dynamic Analysis of World-Level Data

Abstract

The aim of current study is to examine the nexus among economic growth, education, health issues, and carbon emission for the panel of 161 countries. Education and health have confirmed insignificant coefficients for economic growth and carbon emission, which mention that higher education and better health conditions are not useful for boosting economic development and for controlling environmental degradation process. Empirical estimations have reported that higher capital investment leads to increase the economic process and carbon emission. Higher educational standard and capital investment helps to control the health issues, in the long-and short-run. On contrary, higher carbon emission creates health issues. The given results can provide support to the economic, social, and environmental policy makers during policy decisions. For example, the study suggests green financing and low carbon economy concept; the government and industries have to increase the investment on modern, energy efficient, and green technologies, which are useful for economic development, as well as to control the environmental degradation process.

Revisiting the empirical relationship among the main targets of sustainable development: Growth, education, health and carbon emissions

“…Overall, the results mentioned that carbon emission in most of countries is related to health issues and education facilities with feedback effects. The empirical outcomes are in line with the findings of (Farooq et al, 2019; Sarwar, Alsaggaf, & Tingqiu, 2019a) for the case of China.…”

“…While discussing education as dependent variable, the result mentions positive impacts of economic growth and capital on education. The findings suggest that during the economic prosperity period, the policy makers divert their attention towards educational standards and provide strong grounds for advance and innovative educational standards (Sarwar, Alsaggaf, & Tingqiu, 2019a).…”

“…In case of short‐run analysis, we observe that health issues are independent to economic growth. The reason for this insignificance is justified through different ways, for developed countries, their focus is to improve the living standards of people in education, health, physical activities etc (Sarwar, Alsaggaf, & Tingqiu, 2019a). In case of underdeveloped and developing countries, number of international organizations have launched health related programs to counter the health issues.…”

“…For instance, the increase in carbon emission can cause the climate changes issues such as; heat, increased temperature, climate change, air pollution and ultraviolet radiation. Such environmental hazards might cause adverse effects on human health which disturbs the workers productivity, domestic output, industrial production, and economic growth (Farooq et al, 2019;Sarwar, Alsaggaf, & Tingqiu, 2019a;Yazdi & Khanalizadeh, 2017). For economic growth and industrialization purposes, the host countries spend more on energy sources; oil, coal and electricity consumption, consequently it increases the carbon level in atmosphere, which further affects the human health and economic growth (Farooq et al, 2019;Sarwar, Alsaggaf, & Tingqiu, 2019a).…”

“…Such kind of health and work related problems further affect the economic progress and economic conditions. In a similar fashion, economic growth and environmental issues also cause health problems by generating stress or pollution issues (Farooq, Shahzad, Sarwar, & Zaijun, 2019; Sarwar, Alsaggaf, & Tingqiu, 2019a; Wang & Tapia Granados, 2019).…”