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Impact of human capital on economic growth: A case study of Pakistan

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  • Raheela Khatoon
  • Iqbal Javed
  • Muhammad Munawar Hayat

Abstract

A country is prosperous if it has efficient development programs. Human capital contains resources like education, health, training, skills etc. For economic progress these qualities are very vital. Basic objective of this research is to explain the impact of human capital on growth and development of economics sector of the Pakistan. Because today in the developing countries, human development and growth has becomes the burning issues. To analyse the association between human capital and economic growth, used GDP as a dependent variable. This study further use Human development index as independent variable. Proxy of human development index consist of education index, health, fertility, infant mortality, life expectancy and sanitation. Our focus will be more on the education. Time series data for the years 1990-2019 were used. ARDL model was used by incorporating the human capital formation with other explanatory variables. The findings shows that the human capital has positive and significant impact on growth and the negative influence on the population and infant mortality rate.

Suggested Citation

  • Raheela Khatoon & Iqbal Javed & Muhammad Munawar Hayat, 2021. "Impact of human capital on economic growth: A case study of Pakistan," Journal of Social Sciences Advancement, Science Impact Publishers, vol. 2(2), pages 64-69.
    • Handle: RePEc:adx:jssajr:v:2:y:2021:i:2:p:64-69
    DOI: 10.52223/JSSA21-020202-15
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    References listed on IDEAS

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    1. Zeeshan Khan & Asghar Ali & Shahid Ali, 2016. "Impact of Devaluation on Balance of Trade: A Case Study of Pakistan Economy," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 4(2), pages 90-94.
    2. Bharat Diwakar & Gilad Sorek, 2016. "Human-Capital Spillover, Population, and Economic Growth," Auburn Economics Working Paper Series auwp2016-02, Department of Economics, Auburn University.
    3. Zeeshan Khan & Asghar Ali & Shahid Ali, 2016. "Impact of Devaluation on Balance of Trade: A Case Study of Pakistan Economy," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 4(2), pages 90-94, June.
    4. Gebrehiwot, Kidanemariam Gidey, 2014. "The Impact of Human Capital Development on Economic Growth in Ethiopia: Evidence from ARDL Approach to Co-Integration," American Journal of Trade and Policy, Asian Business Consortium, vol. 1(3), pages 127-136.
    5. Ahad Hassan Afridi, 2016. "Human Capital and Economic Growth of Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 8(1), pages 77-86, April.
    6. Ejiro U. Osiobe, 2019. "A Literature Review of Human Capital and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 179-196, December.
    7. Hanushek, Eric A., 2013. "Economic growth in developing countries: The role of human capital," Economics of Education Review, Elsevier, vol. 37(C), pages 204-212.
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    Cited by:

    1. Simran Tariq & Saroosh Tariq, 2023. "Impact of Human Capital on Economic Growth: A Case of SAARC Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 15-22.
    2. Kalpana Regmi & Jiajun Qiao & Jamal Hussain & Lochan Kumar Batala, 2022. "The effect of cereal production, cereal harvested area, and cereal yield, and forest on economic growth and environmental performance in Nepal," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(3), pages 739-762, October.

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