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Role of Energy in Economic Growth of Pakistan (1972-2015)

Author

Listed:
  • Sher Ali

    (Assistant Professor,)

  • Fazle Wahid

    (Assistant Professor,)

  • Abid Ali

    (Lecturer,)

Abstract

This paper highlights the importance of energy in the determination of growth for economy of Pakistan. This study has been taken for the period of 1972-2015. Along with energy consumption some other important variables are also put into investigation. The Johansson co-integration estimation technique has been used to estimate the required impact. The results show that energy consumption contributed positively and significantly to long run economic growth. While the said impact is statistically insignificant in the short run, the study suggested on the basis of results that energy sources should be explored to boost which may possible to satisfy the energy need of the country and to get guaranteed economic growth in the long run. Therefore, Government should pay special attention toward the country’s energy sector to stabilize the economy which assures prosperity in the country.

Suggested Citation

  • Sher Ali & Fazle Wahid & Abid Ali, 2019. "Role of Energy in Economic Growth of Pakistan (1972-2015)," Global Social Sciences Review, Humanity Only, vol. 4(2), pages 221-230, June.
    • Handle: RePEc:gss:journl:v:4:y:2019:i:2:p:221-230
    DOI: 10.31703/gssr.2019(IV-II).21
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    Citations

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    Cited by:

    1. Fazle Wahid & Hamid Ullah & Sher Ali & Sajjad Ahmad Jan & Abid Ali & Azhar Khan & Imran Ali Khan & Maryam Bibi, 2021. "The Determinants and Forecasting of Electricity Consumption in Pakistan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 241-248.
    2. Nawaz, Kishwar & Lahiani, Amine & Roubaud, David, 2023. "Do natural resources determine energy consumption in Pakistan? The importance of quantile asymmetries," The Quarterly Review of Economics and Finance, Elsevier, vol. 87(C), pages 200-211.

    More about this item

    Keywords

    Energy Consumption; Economic Growth; Johansen CoIntegration and Pakistan.;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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