Public-Private Investment Sustenance: A Glance of Education Sector of Pakistan
Keywords:ARDL, Education, Pakistan, Public & Private Sector
The public and private sector are essential to materialize the national plans which are in the interest of the general public. The underlying study is concerned with the sustainability of governmental and private partnership, notably in Pakistan's education sector. The data is ranged from 1980 to 2022. For the estimation of results, Auto Regressive Distributive Lag (ARDL) approach is used. The variables considered in this study are: Private Education Expenditure (PED), Economic Growth (EGR), Government Education Expenditure (GED), Poverty (PVR), Population Growth (PGR), Inflation (INF), and Personal Remittances (REM). A mixed connection between public and private sector (PPS) in the education sector is found. In the long run, significant and positive relationship is found between PED and GED. However, in case of short run, the results are dissimilar. The policy recommendations urge the ongoing public and private sector investment in the education sector for the best interest of the nation.
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