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Impact of Higher Education on Economic Growth of Pakistan

Author

Listed:
  • Aziz, Babar
  • Khan, Tasneem
  • Aziz, Shumaila

Abstract

This paper investigates the returns of higher education on economic growth of Pakistan from 1972 to 2008 through the application of Cobb-Douglas production function. The prime objective of the study is to identify and establish a link between the higher education and economic growth of Pakistan. For this purpose the impact of higher education enrollment on economic growth is analyzed. An attempt is made, in this study, to analyze the educational trends, the strategies and challenges for higher educational and its role in overall development in the country. Furthermore, the study also delves that a well educated labor force appears to significantly affluence the economic growth. The research also provides some implications for the policy purpose to develop higher education so as to curb the use of expatriate manpower in different sectors of the economy.

Suggested Citation

  • Aziz, Babar & Khan, Tasneem & Aziz, Shumaila, 2008. "Impact of Higher Education on Economic Growth of Pakistan," MPRA Paper 22912, University Library of Munich, Germany, revised 2008.
    • Handle: RePEc:pra:mprapa:22912
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    References listed on IDEAS

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    Cited by:

    1. Janda, Karel & Quarshie, Gregory, 2017. "Modelling Natural Resources, Oil and Economic Growth in Africa," MPRA Paper 76749, University Library of Munich, Germany.
    2. Ahmed, Riaz, 2016. "Social infrastructure and productivity of manufacturing firms: Evidence from Pakistan," ZEW Discussion Papers 16-038, ZEW - Leibniz Centre for European Economic Research.
    3. Humaira Kamal Pasha, 2021. "Education Attainment and Economic Growth of Asian Developing Countries," Working Papers hal-03230025, HAL.
    4. Janda, Karel & Quarshie, Gregory, 2017. "Natural Resources, Oil and Economic Growth in Sub-Saharan Africa," MPRA Paper 76748, University Library of Munich, Germany.
    5. Riaz Ahmed & Adeel Ahmed & Waseem Barkat & Rehmat Ullah, 2022. "Impact of Scholarships on Student Success: A Case Study of the University of Turbat, Pakistan (Article)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 61(2), pages 231-258.
    6. Nabila Khurshid & Asma Fiaz & Jamila Khurshid, 2020. "Analyzing the Impact of Gender Inequality on Economic Development in Pakistan: ARDL Bound Test Cointegration Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 10(4), pages 264-270.

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    More about this item

    Keywords

    Education: Economic Growth: Cobb Douglas PF;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General

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