Search or add a thesis

Advanced Search (Beta)
Home > Human Capital and Economic Growth: A Macroeconomic Model for Pakistan

Human Capital and Economic Growth: A Macroeconomic Model for Pakistan

Thesis Info

Access Option

External Link

Author

Qadri, Faisal Sultan

Program

PhD

Institute

University of Karachi

City

Karachi

Province

Sindh

Country

Pakistan

Thesis Completing Year

2018

Thesis Completion Status

Completed

Subject

Economics

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/10808/1/Kanwal_Chem_2017_UoK_PRR.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676724750048

Similar


This dissertation work enlightens the contribution of human capital in the economic growth of Pakistan through time series analysis and macroeconomic modelling framework. The first objective of this thesis is to find out the most relevant level of education in Pakistan in terms of its contribution to the economic growth. Second objective is to use that level of education as proxy for human capital and to find out its contribution in the sector wise productionn. Third is to develop a desegregated macroeconomic model for Pakistan illuminating the linkages between human capital and economic growth which enable us to analyze the effects of education spending by government on key macroeconomic variables at desegregated level through policy based simulations. To achieve the first objective, a time series study is conducted. The study employed annual dataset for the period 1981-2014 to find the most relevant level of education in terms of its contribution to the economic growth of Pakistan.The study used three models assuming gross enrolment rates at primary, secondary and tertiary level as human capital and found secondary education as the most relevant level of education for economic growth.The long run coefficients obtained through fully modified ordinary least square (FMOLS) are used to reconfirm the findings of dynamic ordinary least square (DOLS). CUSUM test found that the parameters of equation with secondary education as human capital are stable. It is recommended therefore that secondary education should be given preference in resource allocation to ensure long run economic growth of Pakistan. To address the second objective, another time series study is conducted.This study illuminates the impact of human capital on the production of agriculture, industrial and services sector and compares the strength of this relationship with the coefficients obtained through aggregate data.The study uses an annual data set from 1981-2014 from Pakistan Bureau of Statistics and uses aggregate and sector wise production models.Augmented Dickey Fuller (ADF) is used test the order of integration and J-J co-integration is employed to check the long run relationship. Dynamic Ordinary Least Square (DOLS) and fully modified Ordinary least square (FMOLS) are used to check the consistency of initial findings and sensitivity analysis is performed in order to check the robustness of results. The study found evidences of positive human capital contribution in aggregate and sectoral production however its magnitude is found to be similar in the agricultural and industrial sector which was higher than the magnitude associated with services sector. The results show that human capital contribute directly in the aggregate and sector wise production of Pakistan and its contribution can be enhanced in aggregate or in any specific sector of economy by policies through affecting price level and interest rate. The third objective is achieved through a study based on macroeconomic modelling. The study develops a medium sized macroeconomic model for Pakistan focusing the role of human capital in economic growth. The model divides supply side of economy into agriculture, industrial and services sector which is modelled as per neo-classical theory of production whereas the demand side is modelled as per Keynesian lines. The model is consisted of 43 equations including 23 behavioral equations estimated through fully modified ordinary least square (FMOLS). The forecasting horizon of this model is set to six years from 2015 to 2020 and the time paths of aggregate and sector wise variables are analyzed under 03 scenarios associated with government spending on education including the one stated in VISION 2025 of planning commission. The study found strong linkage between government spending on education and the production of agricultural and industrial sector. The production and employment of services sector is found to be least affected by government spending on education which reflects lack of synchronizing between the types of skills demanded by and supplied to the services sector. It is recommended therefore to increase the government spending on education along with aligning the skills produced in accordance to the demand of services sector.
Loading...
Loading...

Similar Books

Loading...

Similar Chapters

Loading...

Similar News

Loading...

Similar Articles

Loading...

Similar Article Headings

Loading...

ہک دھی رانی دی فریاد

ہک دھی رانی دی فریاد
بولے جدوں بنیرے کاں

میں سمجھ جاندی ہاں
گل ہے ضرور اولی

تاہیوں کردا اے کاں کاں
کائی دس پیغام خوشی دا

مینوں درداں ماریا تھاں
میں کٹھی وچ ہجر دے

میری نکلی جاندی جاں
میرے سینے پھٹ انوکھا

کر سکدی نہیں عیاں
میری سن فریاد اے امبڑی

جے توں ہیں میری ماں
نہیں سُجھدے ریشم گوٹے

نہ محل چوبارے تھاں
نہ چوڑے ہار حمیلاں

نہ کنٹھا منگدی ہاں
نہ گانی نتھ نہ ِٹکّا

نہ منگاں حویلی تھاں
نہ ریشم لہنگے منگاں

نہ سونا چاندی چاہاں
نہ ہور قصیدے چوڑے

نہ قریشیے بانہاں
نہ مربعے، بھوئیں نہ بھانڈے

نہ کوئی لمبی……… لاں
نہ ریجھ مایا دی مینوں

نہ مجھ نہ وچھا گاں
ہک راز دلے وچ میرے

دس میں ہن کی کراں
تیرے لکھ احسان کروڑاں

بھل سکاں میں کداں
تیرا حکم میرے سر اکھیں

توں سکی میری ماں
اک خیر منگاں میں تیتھوں

نالے منگدی وی سنگاں
کر سکدی توں ہیں اماں

میری زندگی میرے ناں
جے میری گل توں منیں

میں اُڈّاں باہجھ پراں
جے نال رنجیٹھے ٹوریں

دل ٹھردا میرا تاں

Preferences of Filipino and Foreign College Students Towards Online Translation Tools

Technological advancement makes translation convenient due to the emergence of various translation tools. This Explanatory-Sequential study aims to determine the preference and the factors affecting the preference of Filipino and Foreign college students toward the Online Translation Tool. Likewise, it also aimed to identify if there is a significant difference between the respondents' choices. To acquire the data, the researchers used a survey conducted on 15 Filipino and foreign collegiate students enrolled in universities in Manila and a focus group discussion among 3 Filipino students. The transcribed data were analyzed using Thematic Analysis. Moreover, the results of the quantitative data revealed that Google Translate was the preferred Online Translation Tool of Filipino and Foreign students for the reason of accessibility, user-friendliness, and the tendency of users to brand bias. The reasons presented in quantitative data are strengthened by the themes identified in the qualitative data. The three prevailing themes of Brand Bias, Accessibility, and Accuracy constituted the central theme of User Friendliness. It was identified through the Chi-Square Test that there is no significant difference among respondents' preferences (0.345 P-Value) toward online Translation software.

Scalable Distributed Hash Table Based Routing With Distributed Partition Detection and Mergig I Mobile Ad Hoc Network

Distributed Hash Table (DHT)-based routing in Mobile Ad Hoc Networks (MANETs) completely eliminates flooding at the control plane as well as at the data plane, thus makes the network scalable. In DHT-based MANETs, a logical structured network is built over the ad hoc physical topology in a fully distributed manner and routing is performed using logical identifiers (i.e. transient addresses) rather using IP addresses. This thesis investigates the DHT-based routing paradigm in MANETs and points out that existing state-of-the-art DHT routing protocols assume ideal network environments and, ignore the adversarial environment offered by MANETs. Limited radio range, mobility, lack of infrastructure and decentralized nature introduce frequent and unpredictable changes to network topology in MANETs (i.e. connectivity/dis-connectivity, node(s)/link(s) failure, network partition, frequent merging). The network dynamics severely damage the logical structured network (i.e. the logical space (LS) distributed among the nodes) and completely halt communication. Specifically, existing work fails to address issues such as node(s)/link(s) failure and its impact (i.e. anchor node failure and lookups), network partitioning, lost LS recovery and reusing (i.e. disrupted LS) and merging considerations. Curtailing the information loss due to the network dynamics is imperative for the successful communication in DHT networks. Similarly, the key factor that defines overall routing performance in DHT networks is the successful resolution of lookup requests with minimum possible delay. However, we found that existing DHT protocols suffer from longer delay and, fail to ensure the successful resolution of the lookup requests. Therefore, effective distributed solutions under the scalability constraints are needed to tolerate the faults in the logical network and to provide end-to-end connectivity in such an adversarial environment. It is worthy to mention that the targeted problems are completely unexplored and had never been addressed by the research community. For the first time, we are exploring the problems and providing solutions under the constraints. The first part of our work explores the impact of network dynamics on the intrinsics of DHT routing (i.e. lookup requests and successful resolution with minimum delay). A novel address publication mechanism, also called Anchor Request, is proposed. The mechanisms exploit k-hop topological information to detect critical regions in the network and replicate the index information (stored on the anchor node) across those regions. The considered prefailure measures (i.e critical regions detection and replication) are found to have good side effects on the resolution of lookup requests and delay, despite the failures. Simulation results endorse the significant gains in terms of lookup delay and success ratio. The second part targets the problems of distributed partition detection, unavailability of the anchor node due to partition, lost logical space (LS) recovery and reusing, and merging in DHT networks. We are using the philosophies of detection, replication and recovery to solve the identified problems. The proposed solutions ensure access to the index information despite the network partition. Similarly, prior to the network partition event, LS recovery and reusing is performed, this contributes an evenly distributed and connected logical network. The LS recovery process maintains evenly distributed LSs in each instance of the network after partition. Also, this sets grounds for smooth merging of the disjoint instances. Simulation results confirm the effectiveness of the proposed solutions.