Author

  • Muhammad Tahir Mahmood

    • Foundation University Islamabad, Pakistan
    • Pakistan

  • Kashif-ur-Rehman

    • Iqra University, Islamabad, Pakistan
    • Pakistan

Abstract

The population merely is not a guarantee of the economic development of a country. The human capital increases the productivity of the workforce and develops the good working environment characterized by commitment and motivation. The low level of the human capital is viewed as one of the factors that may hinder the process of economic development in low developed countries. This conjecture seems working in Pakistan. This study is an endeavor to examine how human capital influences the economic development of Pakistan by using the time series data for the period (1971-2009). For the data analysis, the bound testing approach to co integration within the framework of the Autoregressive Distributed Lag (ARDL) was used. The empirical results of all the proxies of human capital except ‘expenditure on education’ supported the hypothesis.

Keywords

References

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How to Cite

Mahmood, M. T., & Kashif-ur-Rehman. (2012). Does Human Capital Expedite Economic Development? The Case of Pakistan. Journal of Economics and Behavioral Studies, 4(3), 163-171. https://doi.org/10.22610/jebs.v4i3.313

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Research Paper

Published in

Vol. 4 No. 3 (2012) Global Markets, Human Capital & Consumer Behaviour View issue contents

Published

2012-03-15

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