Technical Education Analysis

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According to Economic Survey 2013-2014, Pakistan succeeded 4.14 percent growth. For the economic growth of any country, technical education plays a pivotal role so for the developing country as Pakistan it is more important. As the 21st century is very challenging and struggled, so typical education cannot satisfy the load and needs of people therefore learning of technical education has become an important issue in these days. The dilemma of unemployment is increasing day by day which is actually making persons more discontent and concerned. The main reason for these circumstances is low level of our education system that puts a lot of pressure on the literary training and ignores technical education. Another important engine that gives a…show more content…
They found the positive role of education as in every year of education brings about 7 percent revenue for wage earners or labour. They found the effect of technical training and private schools is positive and significant. The impact of government spending on education on economic growth of Pakistan for the period ended 1980-2009 was explored by Kakar, et al (2011), they concluded that education has a long -term relationship of economic growth. They suggested that Better standards of education can improve the efficiency and productivity of the workforce and its impact on economic development in the long run. The impact of vocational training on economic growth of Pakistan for the period 1980-2010 was determined. They concluded that spending on education sector by the government helps in increasing the literacy rate and the stock on capital in country. The increasing literacy rate in turn improves the capital stock more than that. Literacy rate is also a cause of improving the rate of vocational training in the country. It is found that increase in labour force participation rate is helping in increasing the GDP growth rate, vocation training and literacy rate in the country in the study of Khilji, et al…show more content…
They found that the protection of intellectual property is one of the important factors for economic growth. They also suggested that the market structure may affect the links between intellectual property rights, innovation and growth, and the linkage between innovation and the protection of intellectual property rights play a weaker role in less competitive markets. Another study examined the impact of intellectual property rights (IPRs) and innovation in developing countries by Chen and Puttitanun (2005). They developed a model to explain the trade-off between imitating foreign technologies and boosting domestic innovation in a developing country’s choice of IPRs. They found that innovations in a developing country increase in its Intellectual property rights, and a country’s IPRs can depend on its level of development non-monotonically, first decreasing and then increasing. They analysed the data for 64 developing countries, and found the positive impact of intellectual property rights on innovations in developing countries and the presence of a U-shaped relationship between IPRs and economic development. Eicher,et al (2013) studied the impact of intellectual properties on economic growth, they argue that intellectual
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