Impact of Human Capital on Economic Growth: A Case of SAARC Countries

Simran Tariq and Saroosh Tariq
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Simran Tariq: Student, Graduate Institute of Development Studies, Lahore School of Economics,
Saroosh Tariq: Research Associate, Hasan Murad School of Management, University of Management & Technology, Lahore, Pakistan

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 4, 15-22

Abstract: The study intends to examine the influence of human capital on the 10-year economic growth of SAARC nations. It comprises of one explained three explanatory and two control variables. A panel data regression fixed effect random effect model and hausman specification tests were applied in the study. Econometrics findings found that labor force has significant impact on GDP/capita of SAARC countries whereas government spending on education and primary school enrollment had no discernible effects on economic growth. The results of our research offer guidance on how the national government can invest on human capital to promote economic growth.

Keywords: Economic Growth; Human Capital; SAARC countries; Labour Force; inflation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:4:p:15-22

DOI: 10.61506/01.00081

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