Impact of Urban Occupational Employment and Unemployed Labor Force on Economic Growth of Pakistan: A time Series Analysis

Amir, Hina; Javaid, Fahad; Umair, Tahira

doi:10.6007/ijarems/v5-i3/2262

Cited by 1 publication

(1 citation statement)

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“…Nowak and Dahal (2016) applied the ordinary least squares method to determine the contribution of education to economic growth in Nepal, and the results indicated that all three levels of education contributed to real GDP in Nepal and other Asian countries. These results are consistent with those of Amir, Khan, and Bilal (2015). Bhorat, Cassim, and Tseng (2016) utilized the modified Cobb-Douglas production function to investigate the interaction between higher education (human capital), employment, and economic growth.…”

Section: Human Capital and Economic Growthsupporting

confidence: 82%

Real estate development, human capital, and economic growth in Kenya

Munyao,

Ocharo,

Ondiba

2023

5002

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The purpose of this study is to investigate the effect of real estate development and human capital on economic growth in Kenya by endogenizing the central bank rate and inflation as additional key variables that affect economic growth. This paper employs an autoregressive distributed lag (ARDL) model to analyze quarterly time series data spanning from the first quarter of 2009 to the fourth quarter of 2019. The results reveal that real estate development has a positive and significant impact on economic growth in the short run. The study also establishes a long-run relationship between real estate development, the central bank rate, inflation and economic growth. Specifically, the study establishes that inflation and the central bank rate are negatively and significantly associated with economic growth in the long run. This study makes significant progress in providing empirical evidence on the effect of real estate development, human capital, the central bank rate and inflation on economic growth in Kenya. Additionally, these findings are useful to all economies across the world, particularly developing countries such as Kenya. This study recommends the formulation of policies to encourage investment in real estate development and human capital, as they are crucial for economic growth in Kenya and other developing countries.

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Section: Human Capital and Economic Growthsupporting

confidence: 82%