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Measuring the Impact of Industrialization and Financial Development on Water Resources: A Case Study of Pakistan

Author

Listed:
  • Khalid ZAMAN

    () (COMSATS Institute of Information Technology, Abbottabad campus, Pakistan)

  • Muhammad Mushtaq KHAN

    (COMSATS Institute of Information Technology, Abbottabad campus, Pakistan)

  • Mehboob AHMAD

    (Foundation University, New Lalazar, Rawalpindi Cantt, Pakistan)

Abstract

The objective of the study examines the impact of industrialization and financial development on water resources, in the specific context of Pakistan. Data set from 1975-2009 are taken for time series analysis. The result reveals that economic growth positively linked with the water resource, as water plays a pivotal role in the economic development of a country. Thus limiting this resource would affect the process of economic growth. Industrial processes have a negative environmental impact which causing water pollution. Financial development has an indirect effect on water consumption, as it shows that private firms finds more funding opportunities in a country, therefore, avoid dirty industry game.

Suggested Citation

  • Khalid ZAMAN & Muhammad Mushtaq KHAN & Mehboob AHMAD, 2011. "Measuring the Impact of Industrialization and Financial Development on Water Resources: A Case Study of Pakistan," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 222-235, June.
  • Handle: RePEc:rom:econmn:v:14:y:2011:i:1:p:222-235
    as

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    File URL: http://www.management.ase.ro/reveconomia/2011-1/19.pdf
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    References listed on IDEAS

    as
    1. Alam, Shaista & Fatima, Ambreen & Butt, Muhammad S., 2007. "Sustainable development in Pakistan in the context of energy consumption demand and environmental degradation," Journal of Asian Economics, Elsevier, vol. 18(5), pages 825-837, October.
    2. Tamazian, Artur & Chousa, Juan PiƱeiro & Vadlamannati, Krishna Chaitanya, 2009. "Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries," Energy Policy, Elsevier, vol. 37(1), pages 246-253, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economics growth; financial development; industrialization; water resource; cointegration; bonds test; Pakistan.;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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