Open AccessTHE EFFECT OF INVESTMENT IN EDUCATION ON SOCIO-ECONOMIC DEVELOPMENT OF PAKISTAN
Author(s) -
Nayab Karim
Publication year - 2018
Publication title -
pakistan journal of humanities and social sciences research
Language(s) - English
Resource type - Journals
eISSN - 2663-922X
pISSN - 2663-9211
DOI - 10.37605/pjhssr.1.2.6
Subject(s) - prosperity , investment (military) , human capital , government (linguistics) , economic growth , economics , physical capital , development economics , capital (architecture) , economic sector , business , economy , political science , geography , linguistics , philosophy , archaeology , politics , law
It is widely accepted that the education sector plays a vital role in the development of the economy and has a positive impact on the economic growth, this study is an attempt to explore the relationships among the investment in the human capital, physical capital and the school enrollment and its impact on the growth of Pakistan’s economy. This study focus on time series analysis, the data has traced from World Development Indicators from 1980 to 2018. The empirical results showed that the investment in physical capital and school enrollment has a positive significant impact on the growth of Pakistan’s economy. Therefore, the government of Pakistan should focus more on investment in education sector and thereby improve social prosperity.