Human Capital And Economic Growth In Pakistan Pdf


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Cardiff Business School, Cardiff University. Charles I. Jones,

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Human Capital and Economic Growth: Pakistan, 1960-2003

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Rehman Published Economics International journal of economics and finance. This study is an attempt to investigate the role of human capital in terms of education and health on economic growth of Pakistan during Long-run relationship among variables is confirmed through Johansen and Juselius cointegration test whereas the long-run and short-run dynamics are observed by VECM specification. View PDF.

Human capital and economic growth in OECD countries: some new insights

This study empirically evaluates the impact of energy, environmental pollution, human capital, financial development, and physical capital on economic growth in countries like Brazil, India, China, and South Africa BRICS-4 from to The key outcomes from the F. Moreover, the Dumitrescu-Hurlin Panel causality test results reveal about the bidirectional and unidirectional causality between energy consumption, environmental pollution, investment, human capital, and financial sector expansion and growth. Thus, based on the findings, this study recommend that the BRICS countries' policy makers need to formulate public policy to ensure adequate energy supply, enhance foreign investments, improve health sector, develop financial sector, and regulate environmental pollution to achieve sustainable development. Abstract This study empirically evaluates the impact of energy, environmental pollution, human capital, financial development, and physical capital on economic growth in countries like Brazil, India, China, and South Africa BRICS-4 from to Substances Carbon Dioxide.

The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current paper focusses to investigate the impact of different types of human capital on economic growth. It is found that it is not the stock of human capital rather its utilization in terms of average working hours that matters for higher growth. Other than human capital, trade openness and investment are positively associated with growth. On the other hand, inflation has an insignificant impact while employment level has a negative impact on growth. Moreover, for developing countries, the study also revealed that stock of human capital has negatively and average working hours has positively impacted economic growth.

In neo-classical theory, evidences are found that human capital is a progressive contributor of economic growth. However, empirically the relationship may not always hold across the countries. The present study can 1 strengthen the role of human capital in accounting for current scenario 2 reunite the prevailing conditions for economic growth and 3 investigates complementary or substitutionary effects of trade openness, inflation and human capital with institutions on economic growth. The results divulge that human capital alone may not be a significant contributor to economic growth in selected Asian Countries. Institutions reinforce the impact of human capital on economic growth; as they provide necessary conditions to amplify the impact of human capital development.

What is the Relationship between Human Capital and Economic Growth?

A considerable body of research has concentrated on the role of human capital investment in explaining the level and variation in production and growth and it has been shown that long-term sustainable growth and development across countries is driven to a large extent by productivity growth. Most of the studies in Pakistan measure human capital by using its proxy as enrollment rate of primary, secondary and tertiary level or expenditure on education. This widespread practice has coexisted with longstanding doubts about using school enrollments as a measure of human capital since there exists a gap between school attendance and entrance into the Labor Market. Further, public expenditure on education is not enough proxy in case of Pakistan because of the fact that there is a large private education sector in the country.

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Forthcoming in: Actual Problems of Economics No. There is widely accepted concept in economic theory that human capital plays positive role in determining national income. Formation or accumulation of human capital and economic development for human welfare are the major targets of economic policy of each country.

This paper explores the relationship between human development and economic growth in Pakistan by employing the time series data ranging from to The main purpose of the research is to examine the structure of human development and its implications on economic growth in Pakistan.

 Да ну тебя, Чед, - засмеялась.  - Я гожусь тебе в матери. Могла бы не напоминать, - подумал. Мидж подошла к его столу. - Я ухожу, но директору эти цифры нужны к его возвращению из Южной Америки.

Хейл сразу же растерялся, не зная, как истолковать примирительный тон коммандера, и немного ослабил хватку на горле Сьюзан. - Н-ну, - заикаясь начал он, и голос его внезапно задрожал.  - Первым делом вы отдаете мне пистолет.

 - Он проводил Беккера в фойе, показал, где находится консьерж, и поспешил исчезнуть. Фойе оказалось помещением с изысканной отделкой и элегантной обстановкой. Испанский Золотой век давным-давно миновал, но какое-то время в середине 1600-х годов этот небольшой народ был властелином мира.

Два выстрела в спину, схватить кольцо и исчезнуть. Самая большая стоянка такси в Севилье находилась всего в одном квартале от Матеус-Гаго. Рука Халохота потянулась к пистолету. Adios, Senor Becker… La sangre de Cristo, la сора de la salvacion. Терпкий аромат красного вина ударил в ноздри Беккера, когда падре Херрера опустил перед ним серебряную, отполированную миллионами рук чашу.

Дверь повернулась до положения полного открытия. Через пять секунд она вновь закроется, совершив вокруг своей оси поворот на триста шестьдесят градусов. Сьюзан собралась с мыслями и шагнула в дверной проем. Компьютер зафиксировал ее прибытие.

Human Capital and Economic Growth in Pakistan: A Cointegration and Causality Analysis

Но мысли о Сьюзан не выходили из головы. ГЛАВА 3 Вольво Сьюзан замер в тени высоченного четырехметрового забора с протянутой поверху колючей проволокой. Молодой охранник положил руку на крышу машины. - Пожалуйста, ваше удостоверение. Сьюзан протянула карточку и приготовилась ждать обычные полминуты.

ГЛАВА 55 - Ты уселся на мое место, осел. Беккер с трудом приподнял голову. Неужели в этой Богом проклятой стране кто-то говорит по-английски. На него сверху вниз смотрел прыщавый бритоголовый коротышка. Половина головы красная, половина - синяя.

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