Education, poverty and economic growth in Pakistan
DOI:
https://doi.org/10.31580/jpvai.v5i1.2461Keywords:
Education, Poverty, Economic Growth, GMM, Physical CapitalAbstract
Development of any nation depends upon the education. Education is a process which helps us to enhance the productivity as well as help us to reduce the poverty. Poverty, education and economic growth have a strong link. In the context of Pakistan, this analysis uses time series data on education, poverty, physical capital, and economic growth from 1980 to 2020.The results of GMM model confirm that education has statistically significant and positive impact on economic growth and poverty has a significant but negative impact on the economic growth. More and more effort needed to reduce poverty and the improved techniques must be implemented to boost the country economic progress.
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