The Impact of Education System on Economic Growth: An Empirical Evidence from Developing Economy

Abstract

The role of education in economic growth levies a massive impact on the economic growth of developing countries. This study has investigated the outcome of the education system on economic growth in the context of Pakistan. This study has also considered the literacy rate, labour force, consumer price index and unemployment for analyzing their shade on the growth of our country. The gross domestic products of the country have shown dependency in our model. In the light of regression analysis, results are helpful for a literature review that illustrates that role of education positively affects the growth of a country and freedom of economy is a sophisticated way to check the prominence of the growth of the economy.