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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 are, bank deposits, broad money supply, and domestic...
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-classical growth model and panel estimation; including the “between” estimator. The main difference of the divergence panels from the r …
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were clustered into Lower Middle-Income Countries and Low-Income Countries. Drawing on panel data from 1990 to 2017, the … growth as LMIC and LIC. The effect weight however changed per sub-panel this implies that LMICs and LICs should focus on …
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