Relationship between education, health and crime: fable, fallacy or fact

The study is an empirical evaluation of specific criminal activities. The relationship of criminal activities with inflation, unemployment, investment, education and health are examined through an annual data set from 1980 to 2007. To test the order of integration, Augmented Dickey Fuller test and Philips Perron are used. To find the evidences of long run relationship, Cointegrating Regression Durban Watson, Engle Granger two step procedure and Johansen and Juselis method is used. Results show that education and health have a positive and significant relationship with most of the criminal activities in the study. Another unusual finding is that inflation and unemployment are insignificant in case of two out of three crimes, however, investment is found highly significant and negatively related with these crimes. The study indicates that an educated, healthy and legally employed person can also be involved in unsophisticated blue collar criminal activities.Education; health; Crime

Human Capital and Economic Growth: Time Series Evidence from Pakistan

Human capital is generally considered as a positive contributor in the economic growth. In this study, we estimate this relationship using time series data of Pakistan for the period 1978 to 2007. A health adjusted education indicator for human capital is used in the standard Cobb-Douglas production function confirms the long run positive relationship between human capital and the economic growth in Pakistan. A sensitivity analysis was also performed in order to check the robustness of the initial findings. The estimation results supported the findings of the previous studies that human capital is positively related to growth and also that the results are robust. The health adjusted education indicator was found to be a highly significant determinant of economic growth, which indicates that both the health and education sectors should be given special attention in order to ensure long run economic growth.Human Capital, Economic Growth, Education and Health

Monetary-fiscal-trade policy and economic growth in Pakistan: Time series empirical investigation

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship of monetary and fiscal policy with economic growth. Result also indicates that monetary policy is more effective than fiscal policy in Pakistan. In contrast, trade policy has insignificant effect on economic growth both in the short run and in the long run. In light of the findings, it is suggested that the policy makers should focus more on monetary policy in order to ensure economic growth in the country. It is also recommended that further research should be conducted to find out such components of exports and imports which lead to the ineffectiveness of trade policy to enhance economic growth in Pakistan.Monetary, Fiscal, Trade, Economic Growth

Monetary-fiscal-trade policy and economic growth in Pakistan: time series empirical investigation

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship of monetary and fiscal policy with economic growth. Result also indicates that monetary policy is more effective than fiscal policy in Pakistan. In contrast, trade policy has insignificant effect on economic growth both in the short run and in the long run. In light of the findings, it is suggested that the policy makers should focus more on monetary policy in order to ensure economic growth in the country. It is also recommended that further research should be conducted to find out such components of exports and imports which lead to the ineffectiveness of trade policy to enhance economic growth in Pakistan.Monetary, Fiscal, Trade, Economic Growth

Relationship between education, health and crime: fable, fallacy or fact

The study is an empirical evaluation of specific criminal activities. The relationship of criminal activities with inflation, unemployment, investment, education and health are examined through an annual data set from 1980 to 2007. To test the order of integration, Augmented Dickey Fuller test and Philips Perron are used. To find the evidences of long run relationship, Cointegrating Regression Durban Watson, Engle Granger two step procedure and Johansen and Juselis method is used. Results show that education and health have a positive and significant relationship with most of the criminal activities in the study. Another unusual finding is that inflation and unemployment are insignificant in case of two out of three crimes, however, investment is found highly significant and negatively related with these crimes. The study indicates that an educated, healthy and legally employed person can also be involved in unsophisticated blue collar criminal activities

Relationship between education, health and crime: fable, fallacy or fact

The study is an empirical evaluation of specific criminal activities. The relationship of criminal activities with inflation, unemployment, investment, education and health are examined through an annual data set from 1980 to 2007. To test the order of integration, Augmented Dickey Fuller test and Philips Perron are used. To find the evidences of long run relationship, Cointegrating Regression Durban Watson, Engle Granger two step procedure and Johansen and Juselis method is used. Results show that education and health have a positive and significant relationship with most of the criminal activities in the study. Another unusual finding is that inflation and unemployment are insignificant in case of two out of three crimes, however, investment is found highly significant and negatively related with these crimes. The study indicates that an educated, healthy and legally employed person can also be involved in unsophisticated blue collar criminal activities

Human Capital and Economic Growth: Time Series Evidence from Pakistan

Human capital is generally considered as a positive contributor in the economic growth. In this study, we estimate this relationship using time series data of Pakistan for the period 1978 to 2007. A health adjusted education indicator for human capital is used in the standard Cobb-Douglas production function confirms the long run positive relationship between human capital and the economic growth in Pakistan. A sensitivity analysis was also performed in order to check the robustness of the initial findings. The estimation results supported the findings of the previous studies that human capital is positively related to growth and also that the results are robust. The health adjusted education indicator was found to be a highly significant determinant of economic growth, which indicates that both the health and education sectors should be given special attention in order to ensure long run economic growth

Human Capital and Economic Growth: Time Series Evidence from Pakistan

Human capital is generally considered as a positive contributor in the economic growth. In this study, we estimate this relationship using time series data of Pakistan for the period 1978 to 2007. A health adjusted education indicator for human capital is used in the standard Cobb-Douglas production function confirms the long run positive relationship between human capital and the economic growth in Pakistan. A sensitivity analysis was also performed in order to check the robustness of the initial findings. The estimation results supported the findings of the previous studies that human capital is positively related to growth and also that the results are robust. The health adjusted education indicator was found to be a highly significant determinant of economic growth, which indicates that both the health and education sectors should be given special attention in order to ensure long run economic growth

Monetary-fiscal-trade policy and economic growth in Pakistan: time series empirical investigation

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship of monetary and fiscal policy with economic growth. Result also indicates that monetary policy is more effective than fiscal policy in Pakistan. In contrast, trade policy has insignificant effect on economic growth both in the short run and in the long run. In light of the findings, it is suggested that the policy makers should focus more on monetary policy in order to ensure economic growth in the country. It is also recommended that further research should be conducted to find out such components of exports and imports which lead to the ineffectiveness of trade policy to enhance economic growth in Pakistan

Monetary-fiscal-trade policy and economic growth in Pakistan: time series empirical investigation

This study empirically examines the effect of monetary, fiscal and trade policy on economic growth in Pakistan using annual time series data from 1981 to 2009. Money supply, government expenditure and trade openness are used as proxies of monetary, fiscal and trade policy respectively. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship of monetary and fiscal policy with economic growth. Result also indicates that monetary policy is more effective than fiscal policy in Pakistan. In contrast, trade policy has insignificant effect on economic growth both in the short run and in the long run. In light of the findings, it is suggested that the policy makers should focus more on monetary policy in order to ensure economic growth in the country. It is also recommended that further research should be conducted to find out such components of exports and imports which lead to the ineffectiveness of trade policy to enhance economic growth in Pakistan