Tertiary sector: An engine of socio-economic development
Roop Lal Sharma
This paper employed tools of empirical econometrics analysis to examine the relationship between human development vectors and economic growth in terms of contribution of services sector as public administration and community services in GDP. To examine this relationship, HD vector regressed on economic growth in corresponding indicator. Results showed that there is high positive correlation between economic growth and human development. To compare the mean difference between male and female for both indicators t–test for two independent samples is used which shows mean value of both indicators differ for both groups. It means economic development doesn’t affect equally the health and education between male and female.