Do Human Resources Run Economic Growth? Empirical Evidence From Pakistan

Authors

  • Bilal Alam Department of Economics, Institute of Social Sciences,Gomal University Dera Ismail Khan, Pakistan
  • Muhammad Niamat Ullah Department of Economics, Institute of Social Sciences, Gomal University Dera Ismail Khan, Pakistan

DOI:

https://doi.org/10.47067/reads.v7i2.351

Keywords:

Education Index, Health Index, Human Capital

Abstract

This study analyzes the role of human capital in economic growth using data from 1981 to 2017. The data were taken from the World Bank (WDI) and the Economic Survey of Pakistan (Various Issues). It was scrutinized for stationarity of variables through ADF and an appropriate time series econometric technique of ARDL is applied for empirical analysis. The results suggest that both proxies of human capital, education, and health have positive impacts on the economic development of Pakistan. The study findings also suggest that government machinery may divert enough resources for the improvement of education and health services to accumulate human capital for achieving the desired goal of higher growth and development.

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Published

2021-06-11

How to Cite

Alam, B. ., & Ullah, M. N. . (2021). Do Human Resources Run Economic Growth? Empirical Evidence From Pakistan. Review of Economics and Development Studies, 7(2), 205-213. https://doi.org/10.47067/reads.v7i2.351