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Journal of Social Economics Research

March 2019, Volume 6, 1, pp 13-19

The Nexus between Urbanization, Energy Demand and Healthcare in Bangladesh

Saanjaana Rahman

Saanjaana Rahman 1

  1. BS Graduate, Department of Economics, School of Business and Economics, North South University, Bangladesh 1

on Google Scholar
on PubMed

Pages: 13-19

DOI: 10.18488/journal.35.2019.61.13.19

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Article History:

Received: 06 November, 2018
Revised: 10 December, 2018
Accepted: 15 January, 2019
Published: 19 March, 2019


Abstract:

Urbanization leads to increase in energy usage as it aggravates the demand of housing, land usage, commutation and many more. Economic theory postulates that urbanization is a demographic activity where a big share of any country’s people migrates in urban settlements (Arouri et al., 2014). The energy demand will keep on increasing in the upcoming years as targets for development and economic growth aggravates. Bangladesh aims to become a middle-income nation by 2021. As more and more workers will migrate to the urban city for job, they will use more and more healthcare facilities available in the city, which in turn will increase the demand for energy. Healthcare industry is termed as a vital sector for any country, as health is wealth for any nation. Furthermore, patients’ health and quality of life is important to perform economic activities or to be an active citizen of the country for growth of the economy, as a healthy economy is the key to a successful nation. Good governance is important in this aspect as the country has set a target to gain universal health coverage by 2023 to pay 70% of the medical expenses. However, healthcare industry needs to utilize renewable energy and smart technology for the sustained economic growth.
Contribution/ Originality
This study uses new methods of ARDL Bound Testing Approach to investigate the link among urbanization, energy and healthcare.

Keywords:

Energy demand, Urbanization, Healthcare, Economic growth, Renewable energy, Migration, Energy sources.

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Funding:

This study received no specific financial support.

Competing Interests:

The author declares that there are no conflicts of interests regarding the publication of this paper.

Acknowledgement:


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