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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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    File URL: https://mpra.ub.uni-muenchen.de/22912/2/MPRA_paper_22912.pdf
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    References listed on IDEAS

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    3. Ryo Horii & Akiomi Kitagawa & Koichi Futagami, 2008. "Availability Of Higher Education And Long-Term Economic Growth," The Japanese Economic Review, Japanese Economic Association, vol. 59(2), pages 156-177.
    4. Siphambe, Happy Kufigwa, 2000. "Rates of return to education in Botswana," Economics of Education Review, Elsevier, vol. 19(3), pages 291-300, June.
    5. G Johnes, 2006. "Education and economic growth," Working Papers 577341, Lancaster University Management School, Economics Department.
    6. Ranis, Gustav & Stewart, Frances, 2001. "Growth and Human Development: Comparative Latin American Experience," Center Discussion Papers 28376, Yale University, Economic Growth Center.
    7. 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.
    8. Gustav RANIS & Frances STEWART, 2001. "Growth And Human Development: Comparative Latin American Experience," The Developing Economies, Institute of Developing Economies, vol. 39(4), pages 333-365, December.
    9. Timothy J. Bartik, "undated". "Increasing the Economic Development Benefits of Higher Education in Michigan," Upjohn Working Papers and Journal Articles tjb2005jwd, W.E. Upjohn Institute for Employment Research.
    10. Günther Rehme, 2007. "Education, Economic Growth and Measured Income Inequality," Economica, London School of Economics and Political Science, vol. 74(295), pages 493-514, August.
    11. de Meulemeester, Jean-Luc & Rochat, Denis, 1995. "A causality analysis of the link between higher education and economic development," Economics of Education Review, Elsevier, vol. 14(4), pages 351-361, December.
    12. Compton Bourne & Anand Dass, 2003. "Private and Social Rates of Return to Higher Education in Science and Technology in a Caribbean Economy," Education Economics, Taylor & Francis Journals, vol. 11(1), pages 1-10.
    13. Kwabena Gyimah-Brempong & Oliver Paddison & Workie Mitiku, 2006. "Higher education and economic growth in Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 42(3), pages 509-529.
    14. Gupta, Manash Ranjan & Chakraborty, Bidisha, 2006. "Human Capital Accumulation and Endogenous Growth in a Dual Economy," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 47(2), pages 169-195, December.
    15. Rena, Ravinder, 2006. "Higher Education In Africa – A Case Of Eritrea," MPRA Paper 10580, University Library of Munich, Germany.
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    Citations

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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. Janda, Karel & Quarshie, Gregory, 2017. "Natural Resources, Oil and Economic Growth in Sub-Saharan Africa," MPRA Paper 76748, University Library of Munich, Germany.
    3. Ahmed, Riaz, 2016. "Social infrastructure and productivity of manufacturing firms: Evidence from Pakistan," ZEW Discussion Papers 16-038, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

    More about this item

    Keywords

    Education: Economic Growth: Cobb Douglas PF;

    JEL classification:

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

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