ECONOMIC ANALYSIS OF DISTANCE IMPACT ON HIGHER EDUCATION EXPENDITURE IN PAKISTAN

Abstract

This study assesses how much money Pakistani families spend on schooling. The Pakistan Social and Standard Living Measurement (PSLM) statistics for 2018–19 served as the basis for this analysis. It looks at the factors and components that affect the families' overall educational expenses. According to the estimation results, how the number of children in a household, the distance of students from their homes to educational institutions, and the degree levels of the children residing in Pakistan's four regions affect household expenditure on higher education.  It also examines that how much money a families spend on education. However, it turns out that each element positively affects the policy suggestions for families of Pakistan who choose to pursue education. Every revelation could also affect different issues relating to the educational system. Each of these factors influences household spending on education differently. The OLS (Ordinary Least Square) Method and regression analysis will be used to carry out the regression. Because dependent variable in a model is quantitative in nature, so above mentioned methods and techniques will be considered to execute the regression. To put the plan into action, estimates and results will be started. It will address any problems that can be accounted for by the factors related to family education expenditures.

KEYWORDS: Education spending, Household, Number of the children, Family head, Distance from educational institutions, PSLM, OLS, Regression T-test, P-Value