“…With panel data, several studies have confirmed the positive relationship between education capital and economic growth, including Barro ( 1996 , 1996 , 2001 ), Agiomirgianakis et al ( 2002 ), Jamison, et al ( 2007 ), Li and Huang ( 2009 ), Hanushek and Woessmann ( 2011 ), Zhang and Zhuang ( 2011 ), Hanushek ( 2013 ), Siddiqui and Rehman ( 2016 ), and Zhang and Wang ( 2021 ). With time-series data, we can observe also that education stock was more prominent in explaining the fluctuations of economic growth (Musila & Belassi, 2004 ; Dauda, 2010 ; Jalil & Idrees, 2013 ; Qadri & Waheed, 2014 ; Breton, 2015 ; Camps & Engerman, 2017 ; Dhrifi et al, 2021 ; Awad, 2021 ).…”