Impact of Human and Social Capital on Economic Development in Pakistan: Empirical Evidence From Primary Data Analysis

Abstract

This study examines the impact of human and social capital on economic development in Pakistan by employing empirical evidence from primary data analysis. The survey was conducted in Multan District based on the household concerning questionnaire. The results conclude that age, on job training, area of residence, public health units, and work experience have positive and significant impact on economic development, while norms of the society and gender have negative impact on economic development. In other words, it is empirically evident from the analysis that human and social capital has strong impact on economic development. Therefore, there is an ardent need to bring the sustainable changes in human and social capital for inclusive growth and economic development in Pakistan.