Asian Journal of Research in Business Economics and Management
Year : 2012, Volume : 2, Issue : 8
First page : ( 217) Last page : ( 222)
Print ISSN : 0000-0000. Online ISSN : 2249-7307.

Returns to education in developing countries: A case study of Pakistan

Ahmad Najid*, Luqman Muhammad**

*Bahauddin Zakariya University, Multan, Sub-Campus  Dera Ghazi Khan, Pakistan.

**Bahauddin Zakariya University, Multan, Sub-Campus  Layyah, Pakistan.

Abstract

This paper assesses the effects of primary education on Gross Domestic Product of Pakistan.GDP is taken as dependent variable while number of school, number of enrollment and number of teacher as independent variables. The results reveal that number of enrollment and number of teacher has positive relation with GDP in the long run while number of schools has negative relation with dependent variable (GDP). We can make progress and keep pace with the world if we give much importance and attention to education. Increase in enrollment and number of teacher means economic growth in Pakistan. Government should make policies to increase number of enrollment and number of teacher as it is necessary for the progress of the country.

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Keywords

GDP, number of school, number of teacher, number of enrollment.

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