An Assessment of Sustainable Economic Growth: The Role of Poverty and Education Revisited
Keywords:Gross Domestic Product, Health, Head Count Ratio, Education, Inflation
This study intended to explore the linkage between education, poverty rates, and economic growth in Pakistan. Data for various variables have been collected from 1973 to 2017. After establishing the stationary process by utilizing the Augmented Dickey-Fuller Test the research used the (ARDL) Auto-Regressive Distributed Lag methodology to estimate the empirical relationships. This study took GDP as a dependent variable whereas independent variables are literacy, health, inflation, headcount ratio, export. The result concluded that Inflation and poverty are the determinants to hinder economic growth while Health, Exports, and literacy are statically significant and have a positive impact on economic growth. It is suggested that a keen focus should put to enhance the educational and health facilities so that higher growth can be achieved. Anti-poverty policies must be made that make them more productive so this will lead to the growth process.
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