Human Capital Formation and Economic Growth in Pakistan
نویسندگان
چکیده
This study examines the role of human capital formation in economic growth in Pakistan by using the secondary data for the period of 197273 to 2010-11. The results implied that education enrollment (proxy for human capital), health and physical capital are important to boost the economic growth in Pakistan. Human capital, fixed capital and employed labor force affect the GDP and result in unidirectional and non-unidirectional causality. After estimating the model, we concluded that education enrollment index, gross fixed capital formation and Gini coefficient have positive and significant impact on gross domestic product, while head count ratio, infant mortality rate, CPI inflation and investment growth rate have negative and significant impact on gross domestic product in Pakistan.
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