HUMAN CAPITAL AND ECONOMIC GROWTH OF PAKISTAN: ANALYSIS OF HEALTH, EDUCATION AND TECHNICAL TRAINING

Abstract

Study examines the impact of Education, Health and Technical Training on economic growth of Pakistan. This study also entails the policy review of government policies which are adopted to achieve sustainable economic growth. This study is based on three objectives. First objective of study is to estimate and analyses the effects of human capital as a flow variable on economic growth in Pakistan. The second objective is linked to government policies with special reference to Health, Education, and Technical, Vocational Education and Training and their contribution to economic growth. Likewise to find policy implications using time series data from 2001-2012 and suggest strategies for the future. The overall results can be concluded that human capital has positive impact on economic growth of the country. The human capital whether proxied by vocational training, gross enrolment in schools, patient per doctor, labour force or physical capital, has a significant impact on economic growth of the country. Hence these variables should be given special value while devising economic policy and planning for economic growth of the country.