Journal of Management Practices, Humanities and Social Sciences
Vol. 7 No. 3: JMPHSS

The Effect of Education, R&D, and ICT on Economic Growth of Middle-Income Countries

Rabia Batool (International Islamic University, Islamabad, Pakistan)
Hamid Hasan (International Islamic University, Islamabad, Pakistan)



Article Info

Publish Date
31 May 2023

Abstract

This manuscript examines the impact of education, Research & Development (R&D) and Information and Communications Technology (ICT), on economic growth of middle-income countries using panel data set from1995 to 2019. We employ panel data set using few tests such as panel unit root test and Fully Modified Ordinary Least Square (FMOLS). The main findings indicate mobile subscriptions (proxy of ICT) has positive effect on economic growth of these countries. Education also positively influences economic growth. R&D has been observed to affect economic growth positively. This study concludes with some policy recommendations and suggestions that may be helpful for future studies. It has been found that an increase of the most educated labor force does not lead to a higher growth rate. Therefore, this study concludes that people with tertiary education must be occupied with strong human capital and cognitive skills

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Journal Info

Abbrev

jmphss

Publisher

Subject

Arts Humanities Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Management Practices, Humanities and Social Sciences (JMPHSS) is dedicated to providing comprehensive coverage of organizational challenges and theories within the realms of social sciences, humanities, and management. Emphasizing comparative and transnational methodologies, the ...