Since its implementation in 1990, the human development index (HDI), the flagship indicator of multidimensional … development, has attracted a great deal of attention and critics in academic, political and media circles. It initiated a new … stage in the discussion of appropriate indicators to measure socioeconomic development. Until now, the vast majority of …

The present paper studies the effects of financial development on the human capital development of Pakistan. An annual … time series data over the period of 1991 to 2016 is used. Financial development is measured through three proxies, which … development is measured by the human development index (HDI). The empirical findings indicate that a strong financial institution …