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Citation Information

Type Journal Article - Pakistan Economic and Social Review
Title Relationship between School Education and Economic Growth in Pakistan: ARDL Bounds Testing Approach to Cointegration
Author(s)
Volume 48
Issue 1
Publication (Day/Month/Year) 2010
Page numbers 39-60
URL https://www.researchgate.net/profile/Khalil_Ahmad8/publication/262091401_Relationship_between_school​_education_and_economic_growth_in_Pakistan_ARDL_bounds_testing_approach_to_cointegration/links/54abc​a4e0cf25c4c472fa97f.pdf
Abstract
The present study is designed to investigate short-run and long-run linkage between school education and economic growth in Pakistan using annual time series data on real GDP, real physical capital, inflation and general school enrollment for the period 1970-71 to 2008-09. Cointegration between school education and economic growth is found in the present study. The results of this study also confirm the existence of two way direct long-run relationship between school education and economic growth in Pakistan. A two way inverse relationship between school education and economic growth is found in short run. Macroeconomic instability due to inflation retards economic growth and school education only in the long-run. A statistical significant and inverse relationship between school education and poverty is observed only in the short-run. On the basis of the findings, this study recommends reduction in macroeconomic instability and poverty. Policy action aiming at increasing school education and accelerating economic growth is desirable.

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