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Academic Essays

ALLAMATIQBALTOPENTUNIVERSITY TestingTtheTRelationshipTbetweenTHumanTcapitalTandTEconomicTGrowth

ALLAMATIQBALTOPENTUNIVERSITY TestingTtheTRelationshipTbetweenTHumanTcapitalTandTEconomicTGrowth:TaTStudyTofTPakistan AuthorTname MuhammadTAzeemTBhatti ThesisTsubmittedTforTtheTdegreeTofTM.com 27TAugust,T2017 T CHAPTERT1 INTRODUCTION 1.1TBackgroundTofTtheTstudy SustainedTeconomicTgrowthTaccompaniedTwithTsocialTdevelopmentTisToneTofTtheTnotableTmacroeconomicTobjectivesTofTeveryTcountryTandTinTthisTregardThumanTcapitalTisTdeemedTasTanTessentialTingredient. InTPakistan,TlargeTpartTofTpopulationTliesTbelowTtheTpovertyTline.TMostTofTtheTpolicyTmakersTargueTthatTbyTeconomicTgrowth,TweTcanTreduceTtheTpovertyTandTunemploymentTbutTinTPakistan,TsituationTisTnotTlikeTthis.TTheTmainTreasonTofTslowTeconomicTgrowthTinTPakistanTisTpoorTqualityTofTeducation,TlackTofTgoodThealthTfacilities,TeducatedTunemploymentTandTlackTofTskilledTmanpower. InTPakistanTforTpovertyTelimination,TitTisTnecessaryTthatTgovernmentTallocateTmaximumTbudgetTonThumanTcapitalTformation,TbecauseTitTisTanTactiveTfactorTofTproduction.TManyTresearchersTusedTdifferentTproxiesTforTmeasuringTtheThumanTcapitalTformation.TTheTpresentTliteratureTexpressedThumanTcapitalTbyTeducationTandThealthTcomponents.TEducationTandThealthTareTmainTfactorsTofThumanTcapitalTformation,TbecauseTinTorderTincreaseTgrowthTrateTofTproductivityTandTpeopleTmustTbeTskilledTandTfreeTfromTdiseases. DespiteTtheTsignificanceTofThealthTandTeducationTsectorTforTeconomicTgrowthTofTanyTeconomy;TtheseTareTmostTignoredTsectorsTinTPakistan.TForTboostingTupTtheseTsectorsTitTisTrequiredTtoTplanTpoliciesTandTprogramsTthatTadvantageTtheTpoorTpeople.THumanTcapitalTisTanTimportantTingredientTofTeconomicTgrowth.TByTincreasingTinvestmentTonThumanTcapitalTandTcreatingTmoreTdynamicTlaborTforce,TwillTgetsThigherTfutureTgrowthTandTincome.TIfTPakistanTgovernmentTspendsTmoreTonThealthTsocietyTandTindividualTgetTbenefitsTfromTinvestmentTonTandTeducationTsectors,TthisTwillTleadsTtoTimproveTtheTlivingTstandardTofTpoor. 1.2TProblemTStatement…