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Human Capital and Economic Growth of Pakistan

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  • Ahad Hassan Afridi

    (Institute of Management Sciences, Peshawar)

Abstract

Human capital consists of set of resources which define individuals’ overall ability and includes skills, education, training, health and other talents. These abilities collectively shape up the potential of citizens of a country and help in charting the course of economic growth and development of that country. The ranking of Pakistan in terms of human capital index is reported to have dropped to 113 from 109 out of 124 countries (Human Capital Report 2014-2015) and thus requires a lot of attention. The main aim of this paper is to investigate the relationship between human capital and economic growth in Pakistan. Explaining human capital by the proxies of primary enrolments rate, birth rate, and infant mortality rate, this paper confirms the role of human capital in promoting development in Pakistan. Physical capital was used as a fixed capital and one of the factors of production. Result indicates that the two main sectors which need considerable amount of attention are education and health. This objective can be achieved by allocating high percentage of GDP to these sectors

Suggested Citation

  • 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.
    • Handle: RePEc:bec:imsber:v:8:y:2016:i:1:p:77-86
    DOI: dx.doi.org/10.22547/BER/8.1.5
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    File URL: http://imsciences.edu.pk/files/journals/vol82/Paper%205-Human%20Capital.pdf
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    References listed on IDEAS

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    1. Yousif Khalifa Al-Yousif, 2008. "Education expenditure and economic growth:some empirical evidence from the GCC countries," Journal of Developing Areas, Tennessee State University, College of Business, vol. 42(1), pages 69-80, September.
    2. Qaisar Abbas, 2001. "Endogenous Growth and Human Capital: A Comparative Study of Pakistan and Sri Lanka," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 40(4), pages 987-1007.
    3. Naeem Akram & Ihtsham ul Haq Padda & Mohammad Khan, 2008. "The Long Term Impact of Health on Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 487-500.
    4. Rashid Amjad, 2005. "Skills and Competitiveness: Can Pakistan Break Out of the Low-Level Skills Trap?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 387-409.
    5. Mohsin S. Khan, 2005. "Human Capital and Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 455-478.
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    Cited by:

    1. 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.
    2. 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.

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