Examining the Poverty Human Capital and Economic Development Nexus in Pakistan: Evidence from Southern Punjab

Different socioeconomic and demographic characteristics of households have been examined over time, across the world. Developing countries are struggling and striving to achieve the path of economic development. The present study has based on primary data, collected through a household survey during the year 2019. Human capital constitutes education, health, skills and on-the-job training are the most significantly related to the prosperity of the households. The results of the study conclude human capital is the most significant and influential factor that would play a vital role in promoting the prosperity and development of the Southern Punjab, Pakistan. Government should develop various projects to promote education in Pakistan. Vocational training schools would help to enhance the skills of the households.