Globalization and Population Health: New Evidence from ASEAN Economies

Abstract

This study intends to highlight the impact of globalization on population health in the context of ASEAN economies which is limited but indeed an interesting area in the research literature. The data is collected from World Development Indicators, Penn World Tables, and KOF Swiss Economic Institute for the period 2000-2020 to examine the relationship between globalization and population health. Suitable econometric tools such as ordinary least squares, fixed effects, two stages least squares, and generalized least squares are used for the estimation purpose. The results showed that globalization has a positive influence on population health and a negative impact on the infant mortality rate. Urbanization and income level have also a positive impact on the health of the population in ASEAN economies. Besides, health expenditures have decelerated population health. Moreover, inflation has no significant effect on population health. Overall, the results are unique and interesting and could help the ASEAN policymakers in policy formulation.