Assessing the Nexus between Health Expenditure, Food Production and Water Quality: Policymaking for achieving Sustainable Development Goals

Abstract

          The economy of Asian is suffering from many economic problems like as according to Asian Development Bank twenty years ago Asia has faced many economic problems for example in 1997 Asian Financial Crisis, in 2008 universal financial crisis, 2009 European debt crisis and currently unprecedented negative interest rate policy on the other hand social problems like that Drug abuse, Child abuse, Bullying, Prostitution and Infant mortality rate in this regard mortality rate is also one. So, it is an attempt to capture the actual determinants of child mortality rate by taking Population Density, Education Expenditure, Health Expenditure, Food Production, Clean Water, Sanitation and Globalization as an independent variable. The initial statistical method like as descriptive statistics, correlation, and unit root test are used to express the features of data, for the sake of regression analysis Feasible Generalized Least Square(FGLS) method is used as estimation technique. The estimation shows that the population density, Health Expenditure, Water and sanitation have negatively correlated with infant mortality rate by the same token globalization have inverse relationship with Child mortality rate, so these all explanatory variables have significant impact of IMR.