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Energy and Economic Growth in Pakistan

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  • Rehana Siddiqui

    (Pakistan Institute of Development Economics, Islamabad.)

Abstract

Recent rise in energy prices, shrinking existing resources, and the search for alternative sources of energy and energy conservation technologies have brought into focus the issue of causality between energy use and economic growth. The results of this study show that energy expansion is expected to lead to higher growth and its shortage may retard the growth process. The impact of all sources of energy on economic growth is not the same. The impact of electricity and petroleum products as well as that of electricity only is high and statistically significant. However, the reverse causality is critical for the petroleum products.

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Bibliographic Info

Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.

Volume (Year): 43 (2004)
Issue (Month): 2 ()
Pages: 175-200

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Handle: RePEc:pid:journl:v:43:y:2004:i:2:p:175-200

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Keywords: Economic Growth;

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References

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  1. Moroney, John R., 1992. "Energy, capital and technological change in the United States," Resources and Energy, Elsevier, vol. 14(4), pages 363-380, December.
  2. David I. Stern & Cutler J. Cleveland, 2004. "Energy and Economic Growth," Rensselaer Working Papers in Economics 0410, Rensselaer Polytechnic Institute, Department of Economics.
  3. Syed Mahmud, 1996. "The Energy Demand in the Manufacturing Sector of Pakistan : Some Further Results," Departmental Working Papers 961, Bilkent University, Department of Economics.
  4. Rehana Siddiqui, 1999. "Demand for Energy and the Revenue Impact of Changes in Energy Prices," PIDE-Working Papers 1999:174, Pakistan Institute of Development Economics.
  5. Mahmud, Syed F., 2000. "The energy demand in the manufacturing sector of Pakistan: some further results," Energy Economics, Elsevier, vol. 22(6), pages 641-648, December.
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