Human Capital and Poverty in Pakistan: Evidence from the Punjab Province
AbstractThe role of human capital (education and health) is recognized both in theoretical and empirical economic literature. Better education and health services enhance productivity and earnings of the workers. So the present study is an attempt to assess the impact of human capital in poverty alleviation. A cross-sectional data of 34 districts of Punjab province was used for the analysis. Three equations have been estimated by using the ordinary least square method. Education and health services are found to have poverty lessening impact in the economy. The results are statistically robust as adjudged by the R-squared and F-value. The error terms of the estimated models fulfill the standard OLS assumptions. It is suggested that imparting of knowledge, training and skills in the people empowers them. Improved human resources increase the productivity and earnings of the workers. Furthermore, improved human capital can play its role in reducing multidimensional poverty and its severity. The study suggests a substantial increase in education and health expenditure by the government. Proper campaign to increase the enrollment can be fruitful. Every born child has its basic right to obtain basic education and health services. Provision of education and health services can help the poor to break the vicious cycle of poverty.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48876.
Date of creation: Aug 2013
Date of revision: Aug 2013
Multidimensional Poverty; Education; Health; Human capital; Punjab; Pakistan;
Find related papers by JEL classification:
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-31 (All new papers)
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