The Impact of Women Education on Economic Growth of Pakistan

Abstract

Education is an essential factor of economic growth and a fundamental right of every person. No nation can achieve long-term economic expansion without making significant investments in education. Education enhances one's technical aptitude for investigating novel concepts and inventions. It raises people's standard of living and benefits people as well as societies. Education is a basic human right, but unfortunately, in Pakistan, women's education still receives little attention. This study focuses on the value of female education and how women's education affects Pakistan's economic growth. using quantitative study from the period of 1998 to 2021. The autoregressive distribution lag (ARDL) model is applied to estimate the impact. The result shows that in Pakistan, education expenditure has no positive effect on female education. In contrast, a positive relationship between female higher education and GDP growth exists, but this relation is not strong in the short run and long run. The policy recommendation is that government should allocate more of its budget on education and make efforts for improvement of the quality of education at different levels.

Keywords: Economic growth, Female Higher education, Female labor force participation, Education expenditure, Pakistan