Figure 5.

Responses of health indicators to 1% shocks in financial development, globalization, and economic uncertainty across varied countries. This figure delineates (1) the differential trajectories of health indicators between emerging markets and developing countries following enhancements in financial development and globalization, and (2) the varied responses of health indicators to surges in economic uncertainty across countries with disparate income levels. Solid lines and solid dot/asterisk-marked lines represent the median of the posterior estimates of the corresponding IRFs, while grey-shaded regions and dash(-dotted) lines are the 68% error bands constructed using the 16th and 84th percentiles of the posterior estimates of the corresponding IRFs.