NIGERIA’S MACROECONOMY AND LIFE EXPECTANCY: EVIDENCE FROM A NONLINEAR ARDL TECHNIQUE
Keywords:
Unemployment, inflation, exchange rate, economic growth, life expectancy, Nigeria JEL Classification Codes: E24, E31, F31, F43, I15Abstract
Nigerian’s life expectancy rate falls below regional and international level despite being the
largest economy in Africa. This study investigates the impact of Nigeria’s macroeconomy on
life expectancy using time series data from 1986 to 2023. The study employed the nonlinear
autoregressive distributed lag model and the findings, both in the short and long run, positive
and negative economic growth have positive and significant impact on life expectancy in
Nigeria. Also, negative inflation and physician per capita have positive but insignificant impact
on life expectancy in Nigeria. On the other hand, positive inflation has negative but significant
impact on life expectancy in the short run but insignificant impact in the long run. Positive
unemployment has negative but significant impact in the long run, while the impact in the short
run was insignificant. The result further revealed that positive inflation in the long run has
negative and insignificant impact while negative unemployment and institutional quality, both
in the long and short run have negative and insignificant impact. Based on the findings of the
study, it is recommended that policies that promote inclusive economic growth, stabilize prices,
create employment opportunities, and enhance environmental sustainability are critical for
achieving meaningful improvements in life expectancy, and overall health outcomes.