American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.1, No.6, Dec. 2015, Pub. Date: Oct. 27, 2015
Effects of Education on Economic Growth: Evidence from Pakistan
Pages: 579-585 Views: 2256 Downloads: 6937
Authors
[01] Hina Ali, Department of Economics, the Women University, Multan, Pakistan.
[02] Aasma Jabeen, Department of Economics, the Women University, Multan, Pakistan.
Abstract
Deliberations on the issue reveal the significance of education in improvement of economic condition by disseminating quality education. The observations gathered by developing countries evince that education greatly influences economic development. The work chiefly aimed at identifying share the key macroeconomic variables contributed towards the growth of Pakistan's economy during the period from 1973-2013. Particular emphasis was laid down on four cardinal education levels specifically speaking Preliminary School Enrolment (PSE), Middle School Enrolment (MSE), Higher School Enrolment (HSE) and allied educational institute enrolment playing instrumental role in aggregate output. Several variables determine Basic Health Units (BHUs) as fundamental macroeconomics variables. It has been derived that the psychological behaviour of individuals emerges a chief driving force for financial development instead of ordinary school fulfilment, individual income and circulation of salary. The required size of progress makes it clear that end to the financial hole with mechanical nations will force major basic changes in educational organizations.
Keywords
Gross Domestic Product, Education, Economic Growth, Pakistan
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