Role of Higher Education in Creation of Knowledge Economy in Punjab, Pakistan

Abstract

Knowledge is working as an engine in achieving sustainable economic development goals for societies who are shifting from labor intensive economy to knowledge based economy like Pakistan. Education works like a backbone in knowledge based economies. Hence, the current research is planned to find out that is the educational institutions of Pakistan are contribution in production of new knowledge or not. Survey was the technique used by researcher for collection of information. Tool for gathering data was questionnaire and sample was selected from six public and private universities of Punjab Pakistan by applying simple random technique while the sample size was comprised of 606 respondents. Both descriptive and inferential statistical techniques were considered to analyze the data. Association found between the efforts made by higher educational institutions by providing access to knowledge, rich infrastructure, funds, incentives, research and development, human capital development, collaboration with industry and creation of knowledge economy.

Sustainability practices at higher education institutions in Asia

“…sustainability, universities and education), other terms, such as China, behaviour, climate change, performance, management, knowledge, model, systems, perceptions, innovation, policy, challenges, environmental sustainability, technology and GHG emissions have occurred more frequently. In addition to the dominance of China in this area (Niu et al , 2010; Yuan and Zuo, 2013; Wang et al , 2020), this indicates that sustainability practices at HEIs in Asia have a special focus on issues related to climate change (Perkins et al , 2018; Scholz et al , 2021), perception and behaviour (Janmaimool and Khajohnmanee, 2019; Yu et al , 2017; Sivapalan, 2016; Sivapalan, 2017; Ariffin and Ng, 2020; Kanapathy et al , 2019), knowledge management and knowledge economy (Parveen et al , 2021; Sutrisno and Pillay, 2015), technologies and innovation (Lee, 2012; Uwasu et al , 2009; Yoon et al , 2016) and challenges and barriers to ESD (Mian et al , 2020; Sekhar, 2020).…”

A Systematic Literature on K-Economy Readiness in Higher Education

“…Rich infrastructure has a positive and significant relationship with the development of the K-Economy. It shows the connection between institution infrastructure and the emergence of the K-Economy (Parveen et al, 2021).…”

“…There is a significant and positive correlation between human capital development and the emergence of the knowledge economy. The development of human capital has a direct and positive effect on the emergence of the K-Economy (Parveen et al, 2021). Regarding the development of human capital in higher education, two things were discovered: for students and non-teaching staff.…”

“…The factor of "funds and incentives" is included in the economic incentive pillar of the K-Economy because of the provision of incentives, such as financial incentives for research activities, which is a type of economic incentive. Funding and incentives have a significant impact on the development of the K-Economy (Parveen et al, 2021). The development of the K-Economy will accelerate with more investment by educational institutions.…”

“…There is a positive and significant relationship between research and development and the growth of a K-Economy. It demonstrates that a better environment for research and development can increase the growth of the K-Economy (Parveen et al, 2021). Based on a study of the articles we reviewed, the efforts made to support research and innovation activities in higher education as a factor of K-Economy readiness are improved the quality, integrity of research, and academic freedom (Abrahams et al, 2012), encourage innovation (Kaya et al, 2016), increase the number patents (Melicheríková, 2013;Sakapurnama et al, 2019), and manage the information system academic community well (Hemingway et al, 2000).…”