Efficacy of Investment in Educational Institutes and Human Capital for Sustainable Economic Growth in Pakistan

Authors

  • Hina Amir Assistant Professor, Department of Economics, COMSATS University Islamabad (CUI), Lahore Campus, Punjab, Pakistan
  • Kanwal Bilal Lecturer, Department of Management Sciences, COMSATS University Islamabad, Lahore Campus, Ph. D Scholar, Superior University, Lahore, Punjab, Pakistan
  • Majid Imdad Khan Ph. D Finance (Scholar), Department. Of Management Sciences, COMSATS University Islamabad (CUI), Lahore Campus, Punjab, Pakistan

DOI:

https://doi.org/10.35484/ahss.2023(4-II)54

Keywords:

Economic Growth, Educational Institutes, Gross Domestic Product, Human Capital

Abstract

Efficacy of investment in educational institutes, and human capital have drastic role in economic upturn. However, at various levels human capital demonstrated regarding infrastructure of education that becomes a more relevant measure of human capital alternative to enrollment at school in different institutions. This study has taken four decades annual data to investigate the association between educational institutions and human capital on economic upswing. The data starts from 1978 to 2018. The Cob Douglas production function is used to determine the efficacy of human capital, and upswing of the economy in Pakistan. The overall results reveal that there is a significant role of human capital (educational institutions) in economic growth in the long run. It is also observed that long-term development across countries has been propelled by productivity growth at a higher scale. Economic upswing accelerates the labor productivity, if necessary, actions should be part of Government investment. The decisions, and policies in educational institutes should be positive and proof of safe flight through human capital efficacy.

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Published

2023-05-12

Details

    Abstract Views: 352
    PDF Downloads: 295

How to Cite

Amir, H., Bilal, K., & Khan, M. I. (2023). Efficacy of Investment in Educational Institutes and Human Capital for Sustainable Economic Growth in Pakistan. Annals of Human and Social Sciences, 4(2), 586–598. https://doi.org/10.35484/ahss.2023(4-II)54