Transformative role of educational funding in shaping national development across SAARC countries in the 21st century: A panel NARDL approach

Since the beginning of this century, there has been evidence a rise in educational funding among South Asian Association for Regional Cooperation (SAARC). However, decline recent years despite Asia being highly populated and poverty-ridden region. Thus, present study comes to assess how well countries are doing relation effect on national development indicators, namely economic growth, human capital development, unemployment rate SAARC 21st century using Panel Nonlinear Autoregressive Distributed Lag (PNARDL) model formulated Salisu Isah (2017). The findings revealed that impact growth is an asymmetry long run symmetry short but index, it both terms. influencing run, not. Furthermore, influences terms, negligible. Moreover, negligibly discouraging