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Disaggregated role of economic, social and political globalization on quality of life

Author

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  • Md. Golam Kibria

    (Noakhali Science and Technology University)

  • M. M. K. Toufique

    (Noakhali Science and Technology University)

Abstract

This paper attempts to estimate the impact of economic, social, and political globalization on the quality of life (QOL), using data reported by the KOF index of globalization. From 1990 to 2020, we analyze panel data from seven developing nations. A wide range of economies, including Bangladesh, India, Sri Lanka, Nepal, Thailand, Pakistan, and Vietnam, are under consideration. Analyzing our results from a symmetric ARDL model, this paper clarifies that political globalization contributes to higher QOL in the selected economies. The NARDL estimation demonstrates that globalization's positive changes on the economic and political segment have lasting positive effects on QOL. Over a long time, the QOL has weakened because of the adverse changes in globalization's economic structures. However, short-run asymmetric outcomes for individual countries identify a nonlinear association between economic globalization in India and Nepal, political globalization and the development of Sri Lanka and Pakistan, and social globalization in Sri Lanka and Vietnam.

Suggested Citation

  • Md. Golam Kibria & M. M. K. Toufique, 2025. "Disaggregated role of economic, social and political globalization on quality of life," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 27(2), pages 604-623, August.
    • Handle: RePEc:spr:jsecdv:v:27:y:2025:i:2:d:10.1007_s40847-024-00352-6
    DOI: 10.1007/s40847-024-00352-6
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    Keywords

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    JEL classification:

    • F0 - International Economics - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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