Education, Employment and Economic Growth Nexus: A case study of Pakistan
Economic growth is a fundamental requirement for the development of a country. Therefore, the questions concerning the factors that can enhance the economic growth of a country are of immense importance especially for developing countries such as Pakistan. The present study provides evidence that p...
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| Format: | Article |
| Language: | English |
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Shaheed Zulfikar Ali Bhutto Institute of Science and Technology
2017-06-01
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| Series: | JISR Management and Social Sciences & Economics |
| Subjects: | |
| Online Access: | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/130 |
| _version_ | 1797851571889897472 |
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| author | Ambreen Sarwar Atif Khan Jadoon Aamir Azeem |
| author_facet | Ambreen Sarwar Atif Khan Jadoon Aamir Azeem |
| author_sort | Ambreen Sarwar |
| collection | DOAJ |
| description |
Economic growth is a fundamental requirement for the development of a country. Therefore, the questions concerning the factors that can enhance the economic growth of a country are of immense importance especially for developing countries such as Pakistan. The present study provides evidence that promoting education and providing increased employment opportunities can produce positive return in the form of higher economic growth. It highlights the role that employment level and education can play in helping the economy to achieve rapid growth. To analyze the long-run and the short-run relationship among the key variables of interest, Johansen Co-integration test and Vector Error Correction Model (VECM) has been applied to annual time series data from 1980 to 2013. The empirical results confirm a positive long-run relationship between both employment and economic growth and education and economic growth.
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| first_indexed | 2024-04-09T19:19:57Z |
| format | Article |
| id | doaj.art-42c59cb0de5d4178bcbefb7efef15b77 |
| institution | Directory Open Access Journal |
| issn | 2616-7476 1998-4162 |
| language | English |
| last_indexed | 2024-04-09T19:19:57Z |
| publishDate | 2017-06-01 |
| publisher | Shaheed Zulfikar Ali Bhutto Institute of Science and Technology |
| record_format | Article |
| series | JISR Management and Social Sciences & Economics |
| spelling | doaj.art-42c59cb0de5d4178bcbefb7efef15b772023-04-05T15:21:32ZengShaheed Zulfikar Ali Bhutto Institute of Science and TechnologyJISR Management and Social Sciences & Economics2616-74761998-41622017-06-0115110.31384/jisrmsse/2017.15.1.2Education, Employment and Economic Growth Nexus: A case study of PakistanAmbreen Sarwar0Atif Khan Jadoon1Aamir Azeem2Lecturer, Department of Economics University of Punjab, LahoreLecturer ,Department of Economics University of Punjab, Lahore.Lecturer, Department of Management Science, Virtual University of Pakistan, Lahore. Economic growth is a fundamental requirement for the development of a country. Therefore, the questions concerning the factors that can enhance the economic growth of a country are of immense importance especially for developing countries such as Pakistan. The present study provides evidence that promoting education and providing increased employment opportunities can produce positive return in the form of higher economic growth. It highlights the role that employment level and education can play in helping the economy to achieve rapid growth. To analyze the long-run and the short-run relationship among the key variables of interest, Johansen Co-integration test and Vector Error Correction Model (VECM) has been applied to annual time series data from 1980 to 2013. The empirical results confirm a positive long-run relationship between both employment and economic growth and education and economic growth. https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/130PakistanEducation,EmploymentEconomic GrowthCo-integration |
| spellingShingle | Ambreen Sarwar Atif Khan Jadoon Aamir Azeem Education, Employment and Economic Growth Nexus: A case study of Pakistan JISR Management and Social Sciences & Economics Pakistan Education, Employment Economic Growth Co-integration |
| title | Education, Employment and Economic Growth Nexus: A case study of Pakistan |
| title_full | Education, Employment and Economic Growth Nexus: A case study of Pakistan |
| title_fullStr | Education, Employment and Economic Growth Nexus: A case study of Pakistan |
| title_full_unstemmed | Education, Employment and Economic Growth Nexus: A case study of Pakistan |
| title_short | Education, Employment and Economic Growth Nexus: A case study of Pakistan |
| title_sort | education employment and economic growth nexus a case study of pakistan |
| topic | Pakistan Education, Employment Economic Growth Co-integration |
| url | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/130 |
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