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Title Higher Education and Unemployment NEXUS: A Case Study of Pakistan

Author(s) Sidra Shaheen

Abstract Unemployment is burning issue not only in case of developing countries but in case of developed countries also. There is large literature on unemployment both on international and national level. But this study is different as it has checked nexus between unemployment rate and higher education. Current study is based on the annual time series data over the phase of 1985 to 2018. This study applies Johansen Co-integration, Granger Causality to analyze the long run relation and measuring the causality of the policy variables. The Error correction model has also been used to check short run association among variables and adjustment of variables in short in case of fluctuations. The five equations were found Co-integrated by applying Johansen Co-integration and error term was reported as 3% which explains the annual adjustment speed in case of disequilibrium. Whereas in second model, four equation are reported to be co-integrated and ECM reflects 13 percent speed of yearly adjustment when any disequilibrium takes place in short run. The findings of Granger Causality elucidates strong nexus between the unemployment and higher education. Therefore, it is strongly recommended to have a rigorous bridging between higher education institution and corporate sector to avoid potential threat of unemployment in country.

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

Publication Date 2021-08-06

Subject Economics

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