Human Capital And Economic Growth In Pakistan Pdf

human capital and economic growth in pakistan pdf

File Name: human capital and economic growth in pakistan .zip
Size: 22246Kb
Published: 10.04.2021

Human Capital and Economic Growth in Pakistan: A Cointegration and Causality Analysis

The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current paper focusses to investigate the impact of different types of human capital on economic growth. It is found that it is not the stock of human capital rather its utilization in terms of average working hours that matters for higher growth. Other than human capital, trade openness and investment are positively associated with growth. On the other hand, inflation has an insignificant impact while employment level has a negative impact on growth. Moreover, for developing countries, the study also revealed that stock of human capital has negatively and average working hours has positively impacted economic growth. Finally, domestic investment and employment level appeared to be the main growth determinants in developing countries.

This paper explores the relationship between human development and economic growth in Pakistan by employing the time series data ranging from to The main purpose of the research is to examine the structure of human development and its implications on economic growth in Pakistan. Human development is a crucial to social, political and economic development of a country. Human development accompanies healthier and educated people who contribute to the economic growth through their increased capabilities, skills, civil liberties, longevity, opportunities and output. Human development upsurge human proficiencies, productivity and ultimately upturn in economic growth and wellbeing.

Forthcoming in: Actual Problems of Economics No. There is widely accepted concept in economic theory that human capital plays positive role in determining national income. Formation or accumulation of human capital and economic development for human welfare are the major targets of economic policy of each country. This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically test the standard growth model consisting of Gross Domestic Product GDP per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables.

Human Capital and Economic Growth: Pakistan, 1960-2003

The study observes the role of human capital formation on economic growth in Pakistan by utilized the secondary data form the period of to Data manipulated through least square multiple regression models by using E-view. The main variable human capital Education Enrollment Index has a positive significant impact on dependent variable GDP so it established that enrollment in education preferred for growth of the Pakistani economics and results are robust. There are negative but significant relationship between Infant Mortality Rate and consumer price index with gross domestic product of Pakistan respectively. These results indicate that both health and education sector should be required highly attention to sustain the economic growth of Pakistan. The Pakistan Development Review, 40 4 , The Pakistan Development Review, 44 4 ,

What is the Relationship between Human Capital and Economic Growth?

Cardiff Business School, Cardiff University. Charles I. Jones, Talat Anwar,

The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from to and employed the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that human capital affects economic growth through both individually tested channels. Also, both basic and advanced human capital have a positive impact on growth through the total factor productivity channel. However, due to the limited availability of education measures for different countries and regions, many proxies are used in the literature to identify the effect of human capital on economic growth P.

European Online Journal of Natural and Social Sciences

Human capital and economic growth in OECD countries: some new insights

A considerable body of research has concentrated on the role of human capital investment in explaining the level and variation in production and growth and it has been shown that long-term sustainable growth and development across countries is driven to a large extent by productivity growth. Most of the studies in Pakistan measure human capital by using its proxy as enrollment rate of primary, secondary and tertiary level or expenditure on education. This widespread practice has coexisted with longstanding doubts about using school enrollments as a measure of human capital since there exists a gap between school attendance and entrance into the Labor Market. Further, public expenditure on education is not enough proxy in case of Pakistan because of the fact that there is a large private education sector in the country. Taking cognizance of it, instead of using the school enrollments and public expenditure on education as a measure of human capital, this research examines the role of human capital formation described by education levels of labor force in Pakistan which is more direct measure of human capital than school enrollments and public expenditure on education. Data of educated labor force at primary secondary, tertiary and higher level is collected from Pakistan. Time series data is used from the period to

Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance.

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Welcome to Pakistan Research Repository Show full item record. Qadri, Faisal Sultan.

In neo-classical theory, evidences are found that human capital is a progressive contributor of economic growth. However, empirically the relationship may not always hold across the countries. The present study can 1 strengthen the role of human capital in accounting for current scenario 2 reunite the prevailing conditions for economic growth and 3 investigates complementary or substitutionary effects of trade openness, inflation and human capital with institutions on economic growth. The results divulge that human capital alone may not be a significant contributor to economic growth in selected Asian Countries. Institutions reinforce the impact of human capital on economic growth; as they provide necessary conditions to amplify the impact of human capital development.

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: