IDEAS home Printed from https://ideas.repec.org/a/adx/jssajr/v2y2021i2p64-69.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://doi.org/10.52223/JSSA21-020202-15
    Download Restriction: no
    File URL: https://libkey.io/10.52223/JSSA21-020202-15?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yulia Gruzina & Irina Firsova & Wadim Strielkowski, 2021. "Dynamics of Human Capital Development in Economic Development Cycles," Economies, MDPI, vol. 9(2), pages 1-18, May.
    2. Mohsen Bahmani-Oskooee & Ahmed Usman & Sana Ullah, 2020. "Asymmetric J-curve in the commodity trade between Pakistan and United States: evidence from 41 industries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(2), pages 163-188, June.
    3. Muhammad Naveed Jamil & Abdul Rasheed & Adnan Maqbool & Zeeshan Mukhtar, 2023. "Cross-cultural study the macro variables and its impact on exchange rate regimes," Future Business Journal, Springer, vol. 9(1), pages 1-15, December.
    4. Ibrar Hussain & Zahoor Khan & Muhmmad Rafiq, 2017. "Compositional Changes in Public Expenditure and Economic Growth: Time Series Evidence from Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(1), pages 1-20, March.
    5. SOLOMON PRINCE Nathaniel, 2020. "Does Exchange Rate Have Asymmetric Impact On Trade Balance? Fresh Insights From Combined Cointegration," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 259-269, April.
    6. Teixeira, Aurora A.C. & Tavares-Lehmann, Ana Teresa, 2014. "Human capital intensity in technology-based firms located in Portugal: Does foreign ownership matter?," Research Policy, Elsevier, vol. 43(4), pages 737-748.
    7. Agasisti, Tommaso & de Oliveira Ribeiro, Celma & Montemor, Daniel Sanches, 2022. "The efficiency of Brazilian elementary public schools," International Journal of Educational Development, Elsevier, vol. 93(C).
    8. Zhang, Xiaobei & Wang, Xiaojun, 2021. "Measures of human capital and the mechanics of economic growth," China Economic Review, Elsevier, vol. 68(C).
    9. Mutiu Abimbola Oyinlola & Abdulfatai Adedeji, 2019. "Human capital, financial sector development and inclusive growth in sub-Saharan Africa," Economic Change and Restructuring, Springer, vol. 52(1), pages 43-66, February.
    10. Eleni Giouli & Pisinas Yorgos & Anna-Maria Kanzola, 2021. "Human Capital and Production Structure: Evidence from Greece," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 7, January -.
    11. Alfred A. Haug & Vincent C. Blackburn, 2017. "Government secondary school finances in New South Wales: accounting for students’ prior achievements in a two-stage DEA at the school level," Journal of Productivity Analysis, Springer, vol. 48(1), pages 69-83, August.
    12. Boccanfuso, Dorothée & Larouche, Alexandre & Trandafir, Mircea, 2015. "Quality of Higher Education and the Labor Market in Developing Countries: Evidence from an Education Reform in Senegal," World Development, Elsevier, vol. 74(C), pages 412-424.
    13. Kunwon Ahn & John V. Winters, 2023. "Does education enhance entrepreneurship?," Small Business Economics, Springer, vol. 61(2), pages 717-743, August.
    14. Altinok, Nadir & Aydemir, Abdurrahman, 2017. "Does one size fit all? The impact of cognitive skills on economic growth," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 176-190.
    15. Rory Horner & David Hulme, 2019. "From International to Global Development: New Geographies of 21st Century Development," Development and Change, International Institute of Social Studies, vol. 50(2), pages 347-378, March.
    16. Anabela Queirós & Aurora A.C. Teixeira, 2014. "Economic growth, human capital and structural change: an empirical analysis," FEP Working Papers 549, Universidade do Porto, Faculdade de Economia do Porto.
    17. Ooft, Gavin & Eckhorst, Karel, 2013. "Human Capital Development and Economic Growth in Suriname," EconStor Preprints 215530, ZBW - Leibniz Information Centre for Economics.
    18. Stephen Malpezzi, 2023. "Housing affordability and responses during times of stress: A preliminary look during the COVID‐19 pandemic," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 9-40, January.
    19. Kseniia Gatskova & Artjoms Ivlevs & Barbara Dietz, 2019. "Can Labor Emigration Affect the Education of Girls? Evidence from Tajikistan," Feminist Economics, Taylor & Francis Journals, vol. 25(3), pages 96-118, July.
    20. Nguyen Duc Hanh & Bui Manh Dung, 2021. "Investigation of Causal Correlations Between Higher Education Development and Economic Growth in Vietnam," Review of European Studies, Canadian Center of Science and Education, vol. 13(2), pages 1-83, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adx:jssajr:v:2:y:2021:i:2:p:64-69. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Shafiq (email available below). General contact details of provider: https://www.scienceimpactpub.com/journals/index.php .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.