Public-Private Investment Sustenance: A Glance of Education Sector of Pakistan

Authors

  • Muhammad Rizwan Khursheed MPhil Business Economics Scholar, School of Economics, Bahauddin Zakariya University, Multan, Pakistan
  • Khawaja Asif Mehmood Assistant Professor of Economics, School of Economics, Bahauddin Zakariya University, Multan, Pakistan
  • Muhammad Nasir Hussain PhD Economics Scholar, Xi’an Jiaotong University, China

DOI:

https://doi.org/10.47205/jdss.2023(4-IV)35

Keywords:

ARDL, Education, Pakistan, Public & Private Sector

Abstract

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.

Vol. 4 No. 4 (2023): October to December

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Published

2023-11-13

Details

    Abstract Views: 90
    PDF Downloads: 56

How to Cite

Khursheed, M. R., Mehmood, K. A., & Hussain, M. N. (2023). Public-Private Investment Sustenance: A Glance of Education Sector of Pakistan. Journal of Development and Social Sciences, 4(4), 381–393. https://doi.org/10.47205/jdss.2023(4-IV)35

Issue

Vol. 4 No. 4 (2023): October to December

Section

Articles

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