Growth factors of the average life expectancy

  • Elena Karpenkа Belarusian State University
  • Alexey Boriskevich Belarusian State University
Keywords: Life expectancy, social policy, human capital, national wealth of a country, growth factors, econometric modelling, role of ecologically clean production, level and dynamics of countries development

Abstract

The subject of the research is growth factors of the average life expectancy. The goal of the research is to identify the most substantial factors that can impact the level and dynamics of life expectancy, and by influencing which it may be possible to increase the average life expectancy. The research methods used are observation, data collection, analysis, and synthesis, comparison, grouping, correlation and regression analysis, econometric modelling, systematic and complex approach. The research results. Within this research, the authors have investigated more than 40 variables across 16 countries based on the data of open sources, databases, and publications of official statistical institutions of specific countries for the period from 1969 to 2017; and from 1992 to 2017 for a number of recently formed countries. For the purposes of further analysis, the authors have chosen four countries: Belarus, Ukraine, Great Britain, and China. For those countries, the corresponding regression models between the level of life expectancy and a number of factors in two variations depending on the modelling interval have been developed, and the impact degree assessment has been made. The domain of applicability of the research results is the corresponding governmental policy targeted at increasing the average life expectancy, being one of the ways to save and augment human capital which plays a fairly important role in forming the national wealth of a country. Conclusions. Based on the results of the conducted econometric modelling, various models across a number of countries and several time periods have been developed and analysed. One of them is to assess the potential impact of the development of ecologically clean production on the level of average life expectancy. With the necessity of generalized reasoning, the authors have made an aggregate impact assessment of the most substantial factors on the endogenous variable in consideration, based on the complex interpretation of the results across the four chosen countries. Thus, the most prevalent variables in the descending order of influence are: final consumption expenses per capita, gross domestic product per capita, arable land per capita, and the current unemployment level. However, it is worth mentioning that in order to achieve the desirable level and dynamics of the average life expectancy, complex influence on the whole array of factors in consideration is necessary, not just on specific ones.

Downloads

Download data is not yet available.

References

1. OECD Data : OECD. URL: https://data.oecd.org. (Date of access: 19.02.2019).

2. Belarus in terms of life expectancy in 2040 will take 88th place in the world : News 21. URL: http://news.21.by/other-news/2018/10/23/1635445.html. (Date of access: 18.02.2019).

3. Global Health Observatory (GHO) data : WHO | World Health Statistics. URL: https://www.who.int/gho/publications/world_health_statistics/en/. (Date of access: 19.02.2019).

4. Economic indicators data for over 200 countries : The Global Economy. URL: https://www.theglobaleconomy.com/indicators_list.php. (Date of access: 18.02.2019).

5. World Development Indicators : DataBank | The World Bank. URL: https://databank.worldbank.org/data/home. (Date of access: 18.02.2019).

6. National Statistical Committee of the Republic of Belarus. URL: http://belstat.gov.by/. (Date of access: 19.02.2019).

7. The new law on organic products is on the threshold : House of Representatives of the National Assembly of the Republic of Belarus. URL: http://www.house.gov.by/ru/interview-ru/view/novyj-zakon-ob-organicheskoj-produktsii-uzhe-na-poroge-4099/. (Date of access: 20.02.2019).

8. The increase in life expectancy to 75 years in Belarus is real – Schetkina : Belta. URL: https://www.belta.by/society/view/uvelichenie-srednej-prodolzhitelnosti-zhizni-do-75-let-v-belarusi-realno-schetkina-244228-2017/. (Date of access: 21.02.2019).

Author Biographies

Elena Karpenkа, Belarusian State University

Ph.D., Professor of International Management

Alexey Boriskevich, Belarusian State University

master student of the economic department

Published
2019-03-30
How to Cite
KarpenkаE., & Boriskevich, A. (2019). Growth factors of the average life expectancy. University Economic Bulletin, (41), 154-162. https://doi.org/10.31470/2306-546X-2019-41-154-162
Section
Еconomic Theory