Impact of Higher Education on Economic Growth of Pakistan

Aziz, Babar and Khan, Tasneem and Aziz, Shumaila (2008): Impact of Higher Education on Economic Growth of Pakistan. Published in: Journal of Social Sciences and Humanities , Vol. 6, No. 2 (2008): pp. 15-29.

Abstract

This paper investigates the returns of higher education on economic growth of Pakistan from 1972 to 2008 through the application of Cobb-Douglas production function. The prime objective of the study is to identify and establish a link between the higher education and economic growth of Pakistan. For this purpose the impact of higher education enrollment on economic growth is analyzed. An attempt is made, in this study, to analyze the educational trends, the strategies and challenges for higher educational and its role in overall development in the country. Furthermore, the study also delves that a well educated labor force appears to significantly affluence the economic growth. The research also provides some implications for the policy purpose to develop higher education so as to curb the use of expatriate manpower in different sectors of the economy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Education: Economic Growth: Cobb Douglas PF
• Subjects: I - Health, Education, and Welfare > I2 - Education and Research Institutions > I20 - General

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