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Title Human Capital and Industrialization Nexus and its Implication on Economic Growth in Pakistan

Author(s) Ms. Shumaila Jabbar

Abstract The study’s aim to investigate the impact of human capital and industrialization on economic growth in Pakistan. Human Capital & Industrialization are the major factors that increase the level of output and accelerate the economic growth. The ongoing study is a time series analysis from the period 1980 to 2021. Human Capital Index, industrialization Index, combine variable (Industrialization Index* Human Capital Index) are selected as independent variables and control variable is trade while economic growth as a dependent variable. After checking the unit root or order of integration of all variables with the help of Augmented Dickey Fuller Test and Philip-Perron unit root tests. P-Values are stationary at level and first difference. The relation among variables is checked through Autoregressive Regressive Distributed Lag Model and Error Correction Term. The findings of the ARDL test show that increasing economic growth, Human Capital Index*industrialization index increases the employment opportunities in Pakistan during the long-run and short-run. In contrast, (industrialization index*Human Capital Index) and industrialization index positively connect with economic growth for both long run and short-run in Pakistan. The findings of ARDL express the long run nexus between human capital, industrialization and economic growth. The Significant relationship among the variables like trade, Industrialization Index, Human Capital Index, combine variables Human Capital Index*Industrialization Index. Coefficients of ECT express the short run relationship between human capital, industrialization and economic growth. The significant outcomes show that there is a short run relation exists among variables. Keywords: Economic Growth, Industrialization Index, Human Capital Index, Trade

Type Thesis/Dissertation

Faculty Management Sciences

Department Economics

Language English

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