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The Role of Female Education in Economic Growth of Pakistan: A Time Series Analysis from 1990-2016

Author

Listed:
  • Syeda Anam Hassan

    (PhD Scholar, Economics Department, Hazara University , Mansehra, Pakistan)

  • Nazish Rafaz

    (Department of Management Sciences, COMSATS Institute of Information, Technology, Abbottabad, Pakistan)

Abstract

Education is an essential factor of economic growth and a fundamental right of every person. No country can attain sustainable economic growth without substantial investment in education. Education improves technical capabilities of exploring new ideas and innovations. It improves the quality of life and leads to collective benefits to individuals and societies. In this study, we investigate the impact of female education on the economic growth of Pakistan by adopting the methodology of the simple Ordinary Least Squares regression with time spanning from 1990 to 2016. OLS regression results show that 1% increase in female education, female labour force participation, education expenditure and fertility rate causes 96% increase in GDP of Pakistan. Female education has a significant and positive impact on economic growth. Female education has a positive relationship with female labour force participation rate. The female labour force is dramatically increasing the economic growth. The policy recommendation is that government should allocate more of its budget on education and make efforts for improvement of the quality of education at different levels. The fertility rate has a negative relationship with female education and economic growth. Female education can reduce fertility rate and play a magnificent role in economic growth of Pakistan.

Suggested Citation

  • Syeda Anam Hassan & Nazish Rafaz, 2017. "The Role of Female Education in Economic Growth of Pakistan: A Time Series Analysis from 1990-2016," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 3(5), pages 83-93, December.
    • Handle: RePEc:mgs:ijoied:v:3:y:2017:i:5:p:83-93
    DOI: 10.18775/ijied.1849-7551-7020.2015.35.2007
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    More about this item

    Keywords

    Economic growth; Female education; Female labour force participation; Education expenditure.;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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