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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
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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.
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    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.
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    6. 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.
    7. Kidanemariam Gidey Gebrehiwot, 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.
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    Cited by:

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