The Impact Of Financial Instability On Adult Mortality .A Case Study Of Zimbabwe For The Year 1980-2021

Author

Sandra Tafara Tiesi

Title

The Impact Of Financial Instability On Adult Mortality .A Case Study Of Zimbabwe For The Year 1980-2021

Abstract

This study investigated the effect of financial instability on adult mortality for the case of Zimbabwe employing annual time series data from 1980 to 2021. The researcher employs an explanatory (causal) research design and used secondary data obtained from Reserve Bank of Zimbabwe, World Bank and Zimbabwe Statistical Agency. Johansen co-integration test was employed to establish existence of long run dynamics. Basing on the results of the Johansen co-integration test, the findings reveal the existence of long-run relationships between the variables. Money supply, interest rates, economic growth, financial instability, inflation influences adult mortality negatively that is increase in these variables decreases the adult mortality and income influences adult mortality positively that entails that an increase in income increases adult mortality and vice versa. Basing on findings from VECM, in the short run money supply, LIR, economic growth and inflation rates have positive influence on adult mortality in Zimbabwe that is an increase in these variables increases adult mortality and vice versa. The study further investigated causal relationship using Granger causality analysis which indicated no directional relationship between financial instability and adult mortality, GDP and adult mortality, Income and adult mortality, inflation and adult mortality, interest rates and adult mortality and a unidirectional relationship between money supply and adult mortality.

Date

June 2024

Publisher

BUSE

Keywords

Adult mortality

Financial instability,

Vector Auto regression VAR

Supervisor

MR D KANJODO