The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings
Abstract In an era of dynamic global challenges, understanding the socioeconomic determinants of public health is crucial. Life expectancy, a key indicator of societal well-being, is shaped by healthcare advancements and broader economic, environmental, and demographic factors. While financial deter...
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| Format: | Article |
| Language: | English |
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Springer
2025-06-01
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| Series: | Discover Sustainability |
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| Online Access: | https://doi.org/10.1007/s43621-025-01369-5 |
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| author | Temitayo B. Majekodunmi Mohd Shahidan Shaari Abdul Rahim Ridzuan K. P. Jaheer Mukthar Nora Yusma Mohamed Yusoff Mohd Juraij Abd Rani J. Vennila Mujeeb Saif Mohsen Al Absy |
| author_facet | Temitayo B. Majekodunmi Mohd Shahidan Shaari Abdul Rahim Ridzuan K. P. Jaheer Mukthar Nora Yusma Mohamed Yusoff Mohd Juraij Abd Rani J. Vennila Mujeeb Saif Mohsen Al Absy |
| author_sort | Temitayo B. Majekodunmi |
| collection | DOAJ |
| description | Abstract In an era of dynamic global challenges, understanding the socioeconomic determinants of public health is crucial. Life expectancy, a key indicator of societal well-being, is shaped by healthcare advancements and broader economic, environmental, and demographic factors. While financial determinants are widely recognized, the impact of savings on life expectancy remains largely unexplored. Past studies show that CO2 emissions reduce life expectancy, while recent findings suggest that savings help lower CO2 emissions and may improve life expectancy. However, no study has explicitly analyzed the direct relationship between savings and life expectancy. This study bridges this gap by investigating, for the first time, the role of savings in life expectancy, incorporating CO2 emissions, renewable energy, and urbanization as additional determinants. Using annual data from Malaysia (1980–2020) and employing the ARDL technique, this study provides novel insights into the interplay between financial and environmental factors in shaping public health outcomes. Surprisingly, the findings indicate that savings would have an adverse effect, leading to a decrease in life expectancy. Conversely, urbanization was found to influence life expectancy positively. Additionally, CO2 emissions are identified as detrimental to life expectancy, while the consumption of renewable energy emerges as an enhancing factor within the Malaysian context. These results imply that the potential harm from savings on longevity can be offset by simultaneous improvements in the standard of living, mainly through factors like urbanization. Furthermore, the negative impact of CO2 emissions on life expectancy can be mitigated by incorporating renewable energy consumption, thereby enhancing overall life expectancy. Accordingly, we recommend that policymakers prioritize the adoption of clean energy to improve the well-being of citizens and, thereby, increase life expectancy. Additionally, efforts should be directed toward urbanization initiatives, providing citizens with enhanced amenities and further contributing to improved life expectancy. However, caution is advised in promoting savings among citizens unless accompanied by a parallel increase in the standard of living, measured through various parameters, including urbanization. |
| format | Article |
| id | doaj-art-ae9af820c2f34bc2b3af26a00df53f92 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-ae9af820c2f34bc2b3af26a00df53f922025-08-20T03:25:14ZengSpringerDiscover Sustainability2662-99842025-06-016112010.1007/s43621-025-01369-5The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savingsTemitayo B. Majekodunmi0Mohd Shahidan Shaari1Abdul Rahim Ridzuan2K. P. Jaheer Mukthar3Nora Yusma Mohamed Yusoff4Mohd Juraij Abd Rani5J. Vennila6Mujeeb Saif Mohsen Al Absy7Faculty of Business & Communication, Universiti Malaysia PerlisFaculty of Economics and Business, Universiti Malaysia SarawakInstitute for Big Data Analytics and Artificial Intelligence (IBDAAI), Universiti Teknologi MARAKristu Jayanti College AutonomousInstitute of Energy Policy and Research, Universiti Tenaga NasionalFaculty of Business & Communication, Universiti Malaysia Perlis (UniMAP)Manipal College of Health Professions, Manipal Academy of Higher EducationAccounting and Financial Science Department, College of Administrative and Financial Science, Gulf UniversityAbstract In an era of dynamic global challenges, understanding the socioeconomic determinants of public health is crucial. Life expectancy, a key indicator of societal well-being, is shaped by healthcare advancements and broader economic, environmental, and demographic factors. While financial determinants are widely recognized, the impact of savings on life expectancy remains largely unexplored. Past studies show that CO2 emissions reduce life expectancy, while recent findings suggest that savings help lower CO2 emissions and may improve life expectancy. However, no study has explicitly analyzed the direct relationship between savings and life expectancy. This study bridges this gap by investigating, for the first time, the role of savings in life expectancy, incorporating CO2 emissions, renewable energy, and urbanization as additional determinants. Using annual data from Malaysia (1980–2020) and employing the ARDL technique, this study provides novel insights into the interplay between financial and environmental factors in shaping public health outcomes. Surprisingly, the findings indicate that savings would have an adverse effect, leading to a decrease in life expectancy. Conversely, urbanization was found to influence life expectancy positively. Additionally, CO2 emissions are identified as detrimental to life expectancy, while the consumption of renewable energy emerges as an enhancing factor within the Malaysian context. These results imply that the potential harm from savings on longevity can be offset by simultaneous improvements in the standard of living, mainly through factors like urbanization. Furthermore, the negative impact of CO2 emissions on life expectancy can be mitigated by incorporating renewable energy consumption, thereby enhancing overall life expectancy. Accordingly, we recommend that policymakers prioritize the adoption of clean energy to improve the well-being of citizens and, thereby, increase life expectancy. Additionally, efforts should be directed toward urbanization initiatives, providing citizens with enhanced amenities and further contributing to improved life expectancy. However, caution is advised in promoting savings among citizens unless accompanied by a parallel increase in the standard of living, measured through various parameters, including urbanization.https://doi.org/10.1007/s43621-025-01369-5SavingsCO2 emissionsUrbanizationRenewable energyLife expectancyARDL |
| spellingShingle | Temitayo B. Majekodunmi Mohd Shahidan Shaari Abdul Rahim Ridzuan K. P. Jaheer Mukthar Nora Yusma Mohamed Yusoff Mohd Juraij Abd Rani J. Vennila Mujeeb Saif Mohsen Al Absy The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings Discover Sustainability Savings CO2 emissions Urbanization Renewable energy Life expectancy ARDL |
| title | The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings |
| title_full | The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings |
| title_fullStr | The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings |
| title_full_unstemmed | The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings |
| title_short | The twist of longevity: exploring the convergence of the health production function and life-cycle hypothesis in Malaysia's life expectancy through savings |
| title_sort | twist of longevity exploring the convergence of the health production function and life cycle hypothesis in malaysia s life expectancy through savings |
| topic | Savings CO2 emissions Urbanization Renewable energy Life expectancy ARDL |
| url | https://doi.org/10.1007/s43621-025-01369-5 |
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